More Than 23 Million Entities Hold Bitcoin – Report
According to the latest report by Blockchain analytics firm Glassnode, using innovative data science methodologies, researchers have determined that around 23 million entities hold bitcoin. The Glassnode approach is able to resolve one of the factors that make the address approach false. The firm is able to map multiple addresses to its single owner.
The number of New Entities refers to the numerical value of the unique entities that appeared for the first time in a transaction in the Bitcoin network.
The sharp increase in the price of Bitcoin has led to many people picking more interests in Bitcoin from Buying, to Selling and Holding.