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FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in

Published 11/29/2022, 11:30 AM
Updated 11/29/2022, 01:00 PM
FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in

The bear market has inspired the little guy to accumulate vast amounts of Bitcoin (BTC). The number of wallets holding 1 BTC or more recently hit new highs while those with 10 BTC or less are setting accumulation records.

However, to what extent are these newly minted “wholecoiners” taking custody of their private keys? Has the recent spate of insolvency among centralized exchanges (CEX) encouraged Bitcoin enthusiasts to move their Bitcoin into cold storage, removed from third party risk?

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