Last Updated on May 27, 2021 by Jason
Investors who have long-term investments in their sights are taking advantage of the recent decrease in value of Bitcoin to add to their portfolios. The number of Bitcoin addresses reached a new record for the seventh day in a row on Monday, with the number no sitting at 545,115.
This is an increase of more than 16,000 since early May, a sign that there are bargain hunters out for a bit of Bitcoin’s value, who weren’t as likely to pay top dollar when Bitcoin sat at more than $70,000.
The addresses counted are those that are considered long-term hold addresses, e.g. those that have never spent the funds they invested. Over the counter desks have also seen an increase as well. Bitcoin is currently trading at $38,000.