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The number of addresses containing at least 0.1 Bitcoin (BTC) has passed the 3 million mark for the first time, while the hodlers prepare for halving.
Source: Glassnode
Analysts who adhere to the efficient markets hypothesis, believe that halving already has a price and will not significantly affect the price. However, Others believe that markets are irrational and that market dynamics are best described by behavioral economics., the field started by Danny Kahneman, a psychologist, who received the Nobel Prize in Economics for his innovative work. At least, for the moment, the latter may have an advantage.
Make sure no harm is done?
Interestingly, even the “halving” of the Black Thursday price has not slowed the growth of addresses containing at least 0.1 BTC. While those with 0.1 BTC cannot be identified as “whales”, this growth probably reflects increased adoption and accumulation by retail investors.
It also comes at a time when central banks around the world are flooding the economy with money. This may be an attempt by the public to protect their savings against the degradation of fiat currencies..
Source: Cointelegraph, Quandl
Even if some find it undeniable that recent socioeconomic events will have a favorable effect on Bitcoin, single time will tell if you are preparing for a bull run like 2017.
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