Mass adoption is one of the biggest keywords when it comes to Bitcoin and Co. At the centre of this is the great expectation that a large proportion of people and private individuals will open themselves up to cryptocurrencies. An interesting statistic from the analysis company Glassnode now shows that there are more and more addresses that have more than 0.1 BTC. In this article we take a look at the graphic and what it actually means.
More than 3 million addresses with more than 0.1 Bitcoin
According to the current analysis by Glassnode, which we will look at in a moment, more and more addresses now have more than 0.1 Bitcoin. At present, this corresponds to an investment sum of around 950 US dollars. Even though we cannot, of course, equate the number of addresses with individual persons, the analysis is a good indication of the increasing distribution of Bitcoin.
The following chart shows us that there are now more than 3 million addresses that hold more than 0.1 BTC. As can be seen from the tweet, at the time of the tweet there are exactly 3054282 addresses with more than 0.1 BTC.
The graph also shows that the number of addresses with more than 0.1 BTC is continuously increasing. The interest of private investors in BTC seems to remain unbroken. Just the level of 0.1 Bitcoin, that is $950, seems to be a good entry into the world of cryptocurrencies for many investors.
Helicopter money in the USA caused increased demand at BTC
At the same time we reported a few weeks ago about the increase in Bitcoin purchases on Coinbase. The amount here was 1200$ and thus exactly corresponded to the amount that many American citizens had received in the course of the „Corona Checks“.
Also interesting is the fact that not only the number of addresses with more than 0.1 BTC is increasing, but also the number of addresses with more than 1 BTC. As data from Glassnode show us, the brand of „wholecoiner“ (people with more than 1 BTC) has now reached 800,000 addresses.