The Bitcoin network has hit a new milestone as the total number of holders now exceeds the population of Spain. According to an analyst, the total number of Bitcoin addresses carrying a non-zero balance is now higher than the entire population of Spain, which is around 47.5 million. This count includes all types of BTC investors, from the shrimps to the whales. The chart below shows how the number of addresses with a non-zero balance has changed throughout the coin’s history.
The value of the metric has been going up in recent days, and the total number of Bitcoin holders has now exceeded the 48.5 million mark. This is ahead of the population of countries such as Argentina, Algeria, and Iraq, and even more than any American state, including California. This is a positive sign for the cryptocurrency, as a larger user base usually results in better groundwork for larger price rallies in the future.
The market intelligence platform IntoTheBlock shared some data recently that suggests the largest of the Bitcoin holders, the whales, have added another $1.5 billion to their holdings recently. This is a positive sign for the asset, as it shows that these humongous holders believe these prices could be profitable buying points.
Bitcoin has registered losses of 1% over the past week as the coin has now declined to the $25,800 level. This shows that the asset has been frozen solid in the last few days.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇪🇸 🇦🇷 🇩🇿 🇮🇶 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | IntoTheBlock, Worldometer, Kanchanara., Ali Charts |
| Companies | IntoTheBlock, TradingView, Worldometer, Glassnode.com, Unsplash.com |
| Currencies | US Dollar, La Peseta, Euro, Ethereum, Bitcoin |
| Securities | None |
