Report: Majority of Circulating Bitcoins Stored in Investment Wallets


A majority of circulating Bitcoins (BTC) are stored in investment wallets, according to a new report by cryptocurrency industry and analysis newsletter Diar.

The analysis shows that 55 percent of bitcoins are currently kept in wallets that are valued over $1.3 million,  constituting balances of more than 200 BTC. One third of BTC in those wallets have reportedly never been used in outgoing transactions since the Bitcoin price peak in December 2017, due to “either lost private keys, lowering real supply, or a very strong resolve by cryptocurrency believers.”

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