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Share of “Speculative Bitcoins” Still Close to Record High, Study Says

Published 09/24/2018, 12:06 PM
Updated 09/24/2018, 01:20 PM
 Share of “Speculative Bitcoins” Still Close to Record High, Study Says

More and more Bitcoins are stored in the crypto wallets belonging to active individual users rather than institutional investors and companies, new Chainalysis study found as of August 2018. The analytics firm said on Monday that about 4.8 million Bitcoin, which represents about 23% of the total coin’s supply, was held in wallets with at least some level of activity. The speculative coins, as the category was labeled, represent about a third of the total supply excluding lost coins.

Chainalysis analyzed the coins based on their liquidity and movement, and tried to find specific patterns that would define distinctive groups of investors, like speculators or holders. The firm used the same concepts that central banks and experts use to determin...


This article appeared first on Cryptovest

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