All-time high of over 22 million unique BTC addresses active on the Bitcoin network in January 2021, as Ethereum on exchanges hits all-time low: report

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Ethereum (ETH) held on digital asset exchanges recently hit an all-time low.

As the researchers of Bloqport, in the past 30 days, 3.75 million ethers valued at nearly $ 5 billion have left trading platforms, potentially for staking purposes, or to trade on non-depository or decentralized exchanges ( DEX), or keep longer in cold (offline) storage solutions.

While sharing other updates from the crypto industry, Bloqport revealed that the proposed deposit by Guggenheim from the Securities and Exchange (SEC) in the United States to acquire $ 500 million in Bitcoin via GBTC is coming ” officially to enter into force “.

Over the past month, many prominent people have made very optimistic or somewhat positive comments about the adoption of Bitcoin, Bloqport noted.

Ray dalio said :

“Bitcoin is a hell of a invention, with properties similar to gold.”

Larry fink, CEO, Black rock, have noticed :

“Bitcoin can be a new store of wealth.”

Alfred kelly, CEO, Visa, said:

“Bitcoin is digital gold.”

While sharing the Bitcoin prices that were reached after the announcement of a major news, Bloqport pointed out that BTC was trading for around $ 17,000 on November 17, 2020 when Guggenheim filed a request for an investment of $ 500 million. of dollars in a GBTC Trust.

Then, on December 16, 2020, Bitcoin had hit $ 19.4,000, which was around the time Guggenheim CIO, Scott minerd predicted that the flagship cryptocurrency would be worth around $ 400,000 in the long run.

Then more recently, on January 11, 2021, Bitcoin hit $ 38.4,000, when Minerd said BTC would drop to $ 20,000.

As of January 2021, more than 22 million unique addresses were “active” in the Bitcoin (BTC) network – which would be the “highest monthly number in history”. It is “0.29% of the world”. As Bloqport notes, “for comparison: 0.4% of the world used the Internet in 1995 [and] It is now 60% in 2021 [,so] we are still very early.

https://twitter.com/Bloqport/status/1356342926750715905

Monday (February 1, 2020), Marathon Patent Group, Inc., one of the world’s largest self-mining bitcoin companies based in North America, revealed that it acquired 4,812.66 BTC for $ 150 million.

The company declared:

“We believe [Bitcoin] to be the de facto investment choice for individuals and institutions seeking exposure to this new asset class. We also believe that holding some of our treasury reserves in Bitcoin will be a better long-term strategy than holding US dollars, like other forward-thinking companies like MicroStrategy. “

Some of the world’s largest university endowments in the United States have “quietly” purchased Bitcoin and other crypto assets over the past year through accounts believed to be held at Coinbase and other major exchanges.

“A lot of endowments are allocating a bit to crypto at the moment,” according to a source familiar with the matter. “Smart money” buys Bitcoin, industry insiders say.



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