Over 3 million Bitcoins dormant for a decade signal long-term investor confidence
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Quick Take
As of November’s end, the number of Bitcoins that have remained inactive for a decade or more has exceeded the 3 million mark. To put this into perspective, given that the circulating supply totals 19.5 million coins, this long-term holding represents about 15% of that supply.
This suggests an increasing propensity for long-term investment and a growing confidence in Bitcoin’s prospects, a significant shift from the quick-profit trading mindset commonly associated with digital assets.
Furthermore, a noteworthy divergence is intensifying between the balance of Bitcoin on exchanges, approximately 2 million, and the aforementioned inactive supply. With a difference now standing at 1 million coins, this expanding gap could potentially signal reduced liquidity in the market but also points towards a mounting faith in Bitcoin’s long-term stability and value.
The post Over 3 million Bitcoins dormant for a decade signal long-term investor confidence appeared first on CryptoSlate.
