Just read Report: Majority of Circulating Bitcoins Stored in Investment Wallets

Report: Majority of Circulating Bitcoins Stored in Investment Wallets

A majority of circulating Bitcoins (BTC) are stored in investment wallets, according to a new report by cryptocurrency industry and analysis newsletter Diar. A $4.2 billion value, or 3.8 percent of the total BTC supply is currently held in the top five wallets administered by crypto exchanges. 62 percent of all outstanding BTC is stored in wallets with over 100 BTC, representing a mere 0.1 percent of all addresses. In January, Cointelegraph reported that 80 percent of the entire Bitcoin supply, or 16.8 million bitcoins, had been mined. This subsequently means only 4.2 million bitcoins, or 20 percent, were left at that time until the formative cryptocurrency’s 21 million supply cap is reached.

Read the full article at cointelegraph

Wednesday, September 19, 2018