A recent analysis by Glassnode unveils the growth of high net worth bitcoin addresses. Wallets with more than 1,000 BTC have reportedly been rising, signifying the adoption of the cryptocurrency for the sake of investment. When compared, earlier bitcoin was possessed due to mining and was limited to only the cryptographic patrons.
The virtual coin supports daily transactions worth $1 billion. Moreover, with the introduction of mainstream futures markets and increasing crypto-to-crypto trading, BTC remains to foresee a bullish future despite its short-term shakedowns. The crypto whales also portray a significant amount of wealth, with around 6.7% held on trade networks.
The top wallets also stock an excellent amount of bitcoins. The wealth collection of above 1,000 BTC is worth now more than $8.3 million. The demand for BTC has also ascended in 2019. It is becoming m more promising with growth above 200% since the beginning of last year.