Small Bitcoin Holders Surge 21.9% to 323K, Reflecting Rising Confidence in $BTC

Bitcoin

people buying it and adopting the currency regardless of the prices as they surge.

Increase in Bitcoin Shrimps Signals Growing Trust in Bitcoin as Store of Value

Surprisingly, this behavior indicates that small investors are not concerned with the current price of the shares. As such, they still have every reason to continue holding Bitcoin regardless of its high-volatile nature. This is a good sign for the cryptocurrency market especially for Bitcoin because it has attracted many big and small investors.

Additionally, the increase in the ‘shrimp’ addresses might indicate an interest in Bitcoin as an actual store of value. Where institutional investors and larger entities are buying the asset, smaller holders are doing the same, making the Bitcoin ecosystem stronger.

Finally, the fact that there are more Bitcoin address containing less than 1 BTC now is a positive indicator for Bitcoin. As per analyst, such a trend proves that Bitcoin is still backed by small investors who are expected to drive the market forward in the futur