Another Bitcoin All Time High!

It might interest you to know that cryptocurrency adoption and usage is increasing by the day. People are now coming to understand and see the opportunity Bitcoin offers as well as take advantage. Bitcoin doubters are now buying in large volumes and those who adopted at day one are still buying also. This has resulted in an increase in the number of Bitcoin addresses with a non-zero value as well as increase in the number of active wallet addresses.

What better reason would you want in order to buy and hodl more of Bitcoin? Buying into bitcoin and other futuristic alts is one of the best ways to hedge against the future financially. Looking at the way things are and how the government is dealing with us, cryptocurrency looks like a safe haven and Bitcoin is a better way of savings.

According to glassnode, the number of Non-zero Addresses just reached an All Time High of 31,489,442 on September 29th, 2020. This only shows an increase in adoption. However, the previous All Time High of non-zero addresses which was 31,481,495 was observed on 25 September 2020. At this rate, we are certain to have more increase in the number than a decline.

Also with these numbers increasing at this fast rate, there a low tendency for Bitcoin to plummet drastically rather the target of $20k and above might just be reached sooner than later.

Similarly, the number of unique addresses that were active in the network either as a sender or receiver continues to increase. As at August 1st, 2020 the number of active addresses was approximately 1,015,372 as given by glassnode studio. But it should be noted that only addresses that were active in successful transactions were being counted.

View charts here:
https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount&mAvg=7&s=1547852400&u=1596322799&zoom=

https://studio.glassnode.com/metrics?a=BTC&m=addresses.NonZeroCount

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