Individual investors possess 4.8 million Bitcoin, reveals report

A new data report reveals that companies and long-term investors do not have much Bitcoin but it is the active individual users who hold a large number of Bitcoin in their wallets.

As of August 31, according to the report, the number of Bitcoins which was held in individual wallets whose transactional level was a mid-range one which was found to be 4.8 million or nearly 32 percent. From the end of last, there has been an increase of one million, where 3.8 million or 26 percent of Bitcoin was found in the wallets of the individuals.

Compared to August, the numbers in August were higher, when 4.95 million or 33 percent of all coins in circulation were held in personal wallets.

But the point which is to be noted is Bitcoin is still considered to be an inactive investment whether it is institutions or individuals with 6.3 million held in accounts which shows no activity for the past one year.

In this summer, a good thing happened i.e. there has been a stability in monetary aggregates. In particular, the amount of Bitcoin held for speculation remained steady at 22 percent from May to August and the amount of bitcoin held for investment during summer became stable at an average of 30 percent.

Company :-Bc Focus

User :- Krishna teja

Email :-tejabcfocus@gmail.com

Phone :-90599--

Mobile:- -

Url :- https://cryptodawn.com/news/individual-investors-possess-4-8-million-bitcoin-reveals-report/1844/