Hyperbitcoinization coming, says Bitcoin OG as 'wholecoiners' hit 1 million

Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million


1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back.

Markets News Join us on social networks

Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.”

Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC.

Trending: Jonathan Isaac Announces Anti-Woke Sports Apparel Brand ‘UNITUS’

Back: Adoption trend lays path to “hyperbitcoinization”

It was a long time coming and received much attention on social media, and the time is finally here — there are one million entities which own a whole bitcoin.

These “wholecoiners” have been steadily accruing since mid-2021, Glassnode shows, and the upward trend in

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend