BTC Supply Reaches Record High After Two Years

02/26/2023 17:25 • Metaverse Matters • 137 views

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than two years has just reached a record high of 51.081%.

BTC’s last active supply for more than 2 years reached a record high

Interpret the above information:

The latest data reports from Glssnode have revealed a milestone record in BTC supply. According to the records, the percentage of BTC supply that has been active for more than two years has recently reached a record high of 51.081%. This implies that Bitcoin investors are holding onto their assets for a more extended period.

Over the years, BTC has been perceived as an investment asset that promises higher ROIs in the long run. This recent record signifies that more investors are confident of the potential of BTC as a store of value, among other attractive features. Such investors have demonstrated a long-term investment mindset, holding on to their Bitcoin investment despite market volatilities and short-term price changes.

The data further reflects the maturation of the BTC market, where more investors are developing a stronger belief in the asset’s long-term success. In other words, the increasing percentage of BTC supply that has stayed active for over two years indicates that more BTC is being held for investment rather than being circulated for daily transactions.

However, it’s noteworthy that holding BTC for more than two years is not mandatory. Various factors, such as market volatility, an investor’s financial goals, and unique situations, could determine a BTC investor’s holding period. Nevertheless, the current percentage of BTC supply that has remained active for over two years highlights the growing trend of Bitcoin’s maturation as a financial asset.

In conclusion, the recent news of the record high of BTC supply that has been active for over two years is a significant achievement that indicates the growing investment mindset of BTC investors. As seen, more BTC investors are holding the asset for an extended period as they believe in the asset’s potential to offer attractive ROIs in the long run. Overall, this milestone record reflects the maturation of the BTC market and suggests that Bitcoin is becoming more institutionalized as a viable investment asset.

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BTC Supply Reaches Record High After Two Years

BTC’s last active supply for more than 2 years reached a record high

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