10M Bitcoins Have Not Moved in More Than a Year – Details
The total number of bitcoins that haven’t changed hands in more than a year has crossed 10 million. About 10.7 million bitcoins haven’t moved in more than 12 months, according to Digital Assets Data, a fintech company building crypto data feeds.
Considering the total number of bitcoins in circulation is 18.14 million, this also means nearly 60 percent of the coins remained dormant and only 40 percent participated in the price action seen in 2019. The percentage of bitcoins lying dormant for over a year is at its highest level since early 2017.
With the continuous increase in the value of Bitcoin, the hodlers are not ready to let go. These hodlers eventually turn out to make more than 1000 percent gain in some cases.
Cryptocurrency is no doubt the Gold of the internet age with Bitcoin as the foremost.