With its drastic price swings over the last year, it may come as a surprise to learn that almost 60% of Bitcoins haven’t moved in the last 12 months. According to findings by Digital Assets Data, a fintech company building cryptocurrency data feeds, as many as 10.7m Bitcoins have stayed put for more than a year. This amounts to 59% of the current supply of BTC (or approximately $84.5bn). This indicates widespread HODLing of BTC, which could be an extremely bullish sign for the market. Rather than trading or transferring their Bitcoins, the majority of users are holding their digital assets, confident that higher prices are on the horizon. Founder of blockchain PR agency EAK Digital and organiser of IstanbulThe post 60% of Bitcoins haven't moved for more than a year appeared first on Coin Rivet.
