Bitcoin Sets New All-Time High In Addresses Holding at Least 0.1 BTC

May 28, 2019 BitcoinTalkRadio 0 Comments

In recent weeks, Bitcoin and other cryptocurrencies have begun to show life once again,. The bear market is in the rear view mirror now that a bottom has been confirmed. Bitcoin alone has nearly tripled in value in under is six months and is flirting with prices that haven’t been seen in well over a year, due to investors fearing they won’t ever get a chance to buy BTC at prices this low (or lower) ever again.

With FOMO and bullish sentiment back across the crypto market, talk of new all-time highs is commonplace once again. And while crypto investors and “hodlers” are busy speculating on what the next all-time high price of Bitcoin will be, the crypto asset is already setting new all-time highs right under our noses.

Why It Matters: Only 210 Million 0.1 BTC Increments Exist

One of the biggest benefits Bitcoin has going for it, is its incredibly scarce supply. The first ever crytocurrency was designed to be deflationary and was hard-capped at 21-million BTC – no additional Bitcoins can ever be created. Millions are said to be lost on the blockchain due to forgotten keys or due to asset holders dying without transferring the keys to another owners – which could be the case with Bitcoin creator Satoshi Nakamoto.

Such a design causes the asset to repeatedly “bubble”, and it’s the main reason why it’s one of the fastest rising financial assets ever created. That same scarcity is exactly why crypto investors should be as equally enthusiastic about a new all-time high Bitcoin has set, that doesn’t have anything to do with price itself.

According to Coinmetrics.io co-founder Nic Carter, Bitcoin has reached a new all-time high… “in addresses holding at least 0.1 BTC.”