The number of long-term Bitcoin investors grows and the investment stability increases

time:2022-01-25 01:00 source:Internet

The Reuters website recently reported that entering 2022, more and more long-term investors are holding on to the cryptocurrency in their hands, hoping that last December’s decline was just a blip. According to the report, some industry watchers pointed to the potential stability of such long-term investments as a promising indicator for the volatile cryptocurrency. Citing digital wallet data from multiple exchanges, digital currency brokerage firm Genesis Trading said the number of bitcoins in digital wallets with no outflow for more than five months has been steadily increasing since July last year. In addition, “illiquid” digital wallets, which have spent less than a quarter of their inflows, are also seeing a rise in the amount of bitcoin, meaning less bitcoin is being actively traded.

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