As we all keep dreaming of the magical 1 BTC market to be achieved in our own wallets one day, as having 1 BTC out of the only 21M BTC out there, is a feat that not even every millionaire will be able to achieve in this world. So right now getting 1 BTC for “just” $25k is like a fire-sale going on.
And people still in the Crypto space are most definitely not letting that chance go and under them we also have a ton of retail investors and some richer investors too that don’t want to miss out on an asset that in the future is going to be rough to get even for $1M. We can see that conviction for entities that are holding below 10 BTC:
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Bitcoin Supply held by entities with below 10 BTC increasing ever-more, chart by Will Clemente
While holding less than 10 BTC doesn’t exactly say that you are poor, though it does show a wide range of retail investors. Some retail investors that even stayed in this bear market to stack even more as they most definitely know that this is a opportunity right now that may never come again, just as the opportunity for a $3K BTC never came again.
18% of the whole supply is already in the hold of this cohort of retail investors, which is quite a lot as a substantial amount of BTC is lost forever, reports going from 1.45M BTC to 6M BTC, and the some other is in the hands of some whales that were able to buy it for super cheap in the early years.
So, looking at the growth and the dedication of normal investors like us still being here to rack in more BTC just shows that an asset with such a convicted investor base just can never die.
submitted by /u/partymsl
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