{"id":563723,"date":"2020-09-10T13:22:32","date_gmt":"2020-09-10T10:22:32","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563723"},"modified":"2020-09-10T13:22:32","modified_gmt":"2020-09-10T10:22:32","slug":"number-of-bitcoin-addresses-holding-at-least-1-btc-hits-new-ath","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/number-of-bitcoin-addresses-holding-at-least-1-btc-hits-new-ath\/","title":{"rendered":"Number of Bitcoin Addresses Holding at Least 1 BTC Hits New ATH"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Bitcoin investors are unfazed by BTC&#8217;s constant price swings in the crypto markets<\/strong><\/li>\n<li><strong>The number of addresses holding at least 1 BTC hit a new all-time high of 823,000<\/strong><\/li>\n<li><strong>Known as &#8216;wholecoiners&#8217;, their numbers point towards increased confidence that Bitcoin is a good investment similar to digital gold<\/strong><\/li>\n<\/ul>\n<p>The month of September has been a turbulent one for Bitcoin in the crypto markets. The month started off with BTC breaking the $12k ceiling only to drop <a href=\"https:\/\/en.ethereumworldnews.com\/10k-is-bitcoins-btc-new-baseline-tyler-winklevoss\/\" target=\"_blank\" rel=\"noopener noreferrer\">below $10k on numerous occasions<\/a> before leveling off at current levels above $10,200.<\/p>\n<h2>Number of Addresses Holding at Least 1 BTC Hits New All-time High<\/h2>\n<p>However, the constant volatility of Bitcoin has not swayed investors from owning more BTC. According to the team at Glassnode, the number of Bitcoin addresses holding at least 1 BTC has grown continuously over the years. Known as &#8216;wholecoiners&#8217;, their numbers recently hit a new all-time high value of 823,000. The team at Glassnode shared their observation via the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Unfazed by <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$BTC<\/a>&#39;s price swings, the number of network addresses holding at least 1 BTC has shown a continuous growth over the years.<\/p>\n<p>The number of &quot;wholecoiner&quot; addresses hit another ATH yesterday, closing the day above 823k for the first time.<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a><a href=\"https:\/\/t.co\/RENZprdE5Q\" rel=\"nofollow\">https:\/\/t.co\/RENZprdE5Q<\/a> <a href=\"https:\/\/t.co\/9zPb2GV9HL\" rel=\"nofollow\">pic.twitter.com\/9zPb2GV9HL<\/a><\/p>\n<p>&mdash; glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1303652600991174656?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 9, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Increment of WholeCoiners Points Towards Belief that Bitcoin is a Store of Value<\/h2>\n<p>Connecting the dots, an increment of bitcoin addresses holding at least one Bitcoin is proof that investors are continually confident that BTC is a store of value. The concept of <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-is-undervalued-by-a-multiple-of-45x-winklevoss-capital\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin as a store of value<\/a>, or <a href=\"https:\/\/en.ethereumworldnews.com\/report-majority-of-bitcoin-investors-treat-btc-as-digital-gold\/\" target=\"_blank\" rel=\"noopener noreferrer\">digital gold<\/a>, has been explored numerous times by crypto enthusiasts and analysts with the most recent being Tyler Winklevoss who <a href=\"https:\/\/winklevosscapital.com\/the-case-for-500k-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">explained why<\/a> this was so.<\/p>\n<blockquote><p>Bitcoin is not just a scarce commodity, it\u2019s the only known commodity in the universe that has a deterministic and\u00a0<em>fixed<\/em>\u00a0supply. As a result, bitcoin is not subject to any of the potential positive supply shocks that gold (or any commodity for that matter) may face in the future.<\/p>\n<p>Bitcoin is the first commodity in the universe where supply\u00a0<em>does not<\/em>\u00a0follow demand. Demand for bitcoin does not, and cannot, expand its supply.<\/p>\n<p>Beyond superior supply attributes, bitcoin possesses all of the other characteristics that make gold valuable and actually performs\u00a0<em>better<\/em>\u00a0on a side-by-side comparison.<\/p><\/blockquote>\n<h2>Joe Rogan Advised to Get at Least One Bitcoin<\/h2>\n<p>The concept of owning at least one Bitcoin was also discussed in a recent episode of the Joe Rogan experience featuring Adam Curry. This episode of the famous podcast has been shared widely in the crypto-verse and can be <a href=\"https:\/\/www.youtube.com\/watch?v=fTPQ9KR5j8k\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">found on youtube<\/a>. The particular section of the podcast talking about owning at least <a href=\"https:\/\/en.ethereumworldnews.com\/control-of-bitcoins-supply-shifting-towards-smaller-investors-of-btc\/\" target=\"_blank\" rel=\"noopener noreferrer\">one Bitcoin<\/a> can be found in the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.\ud83d\udd25\ud83d\udc8a <a href=\"https:\/\/twitter.com\/adamcurry?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@adamcurry<\/a> on the <a href=\"https:\/\/twitter.com\/joerogan?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@joerogan<\/a> podcast <\/p>\n<p>&quot; The apocalypse is coming and you gonna need <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a> &#8211; at least one&#8230;.f*ck all the altcoins and stuff like that&#8230;.10 years of data have shown that bitcoin is the only one you can trust that can&#39;t be manipulated&quot; <a href=\"https:\/\/t.co\/hkguUGzjhq\" rel=\"nofollow\">pic.twitter.com\/hkguUGzjhq<\/a><\/p>\n<p>&mdash; Bitcoin Meme Hub \ud83d\udd1e (@BitcoinMemeHub) <a href=\"https:\/\/twitter.com\/BitcoinMemeHub\/status\/1303880024701927426?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 10, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Bitcoin investors are unfazed by BTC&#8217;s constant price swings in the crypto markets The number of addresses holding at least 1 BTC hit a new all-time high of 823,000 Known as &#8216;wholecoiners&#8217;, their numbers point towards increased confidence that Bitcoin is a good investment similar to digital gold The month of September has been a turbulent one for Bitcoin in the crypto markets. The month started off with BTC breaking the $12k ceiling only to drop below $10k [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":61004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[1233,7000,871],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563723"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=563723"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/61004"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=563723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=563723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=563723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}