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Data More than 18 million addresses holding Bitcoin worth less

Date:2024-05-21 20:38:40 Channel:Wallet Read:

In today's turmoil of digital currencies, Bitcoin has always been one of the focuses of attention. Recent data shows that Bitcoin holdings worth less than $100 are spread across more than 18 million addresses. This phenomenon has drawn widespread attention to digital currency holders and reflects the diversity and popularity of the digital currency market.

To better understand this phenomenon, let’s delve into the story behind these addresses holding Bitcoin worth less than $100, revealing the multifaceted nature and growth potential of the digital currency market.

First, let’s start with the overall situation of the digital currency market and analyze the meaning behind the data that the number of Bitcoin addresses holding less than $100 is more than 18 million. This data reflects the wide range of participants in the digital currency market, from ordinary small investors to institutional investors, all playing an important role in it. This diversity not only reflects the degree of marketization of digital currency, but also provides a solid foundation for the stability and development of the market.

Next, let’s dive into the investment motivations behind holding Bitcoin addresses worth less than $100. For many holders, owning a small amount of Bitcoin is not only a means of investment, but also an expression of confidence in the future digital economy. As Bitcoin prices fluctuate and market demand changes, these small holders may become active participants in the market in the future, driving the further development of the digital currency market.

In addition, we also need to pay attention to the impact on the digital currency market of holding Bitcoin addresses worth less than $100. Although the number of Bitcoins held by a single address is small, when these addresses are aggregated, their overall value cannot be ignored. The behaviors and decisions of these small holders will also have a certain impact on the market's supply and demand relationship and price trends, which will in turn affect the operation and development of the entire digital currency market.

In the context of the increasingly mature and diversified digital currency market, the significance of holding Bitcoin addresses worth less than $100 is not only a piece of data, but also a microcosm of the development of the digital currency market. Through in-depth analysis and understanding of this phenomenon, we can better grasp the pulse of the digital currency market, seize investment opportunities, and achieve wealth appreciation.

In the future era of digital economy, digital currencies will play an increasingly important role, and Bitcoin addresses holding values below $100 are important participants in this process of change. Through in-depth research and understanding of this phenomenon, we can better grasp the development trend of the digital currency market and achieve value-added and preserved personal wealth management. Let us look forward to the prosperity and development of the digital currency market together and inject new vitality and power into the future digital economy.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


While Bitcoin "whales" are important members of the cryptocurrency forum, there are still a significant number of users holding relatively small amounts of BTC, currently totaling 18,124,238 according to BitInfoCharts
wallets holding more than $1 (and no more than $100) worth of Bitcoin. However, these users may be hesitant to pay with Bitcoin due to current transaction fees.

Bitcoin wealth distribution

A total of approximately 542,000 Bitcoin addresses are said to be holding a value of $10,000 compared to “small” Bitcoin holders (holding value: $1-$100)
US dollars (according to the current exchange ratio). Conversely, approximately 6.1 million Bitcoin addresses hold less than $1,000 in BTC.

While this distribution of Bitcoin wealth may be a positive sign that Bitcoin is not just for the wealthy, high transaction fees may also create certain obstacles for small shareholders.

Earlier this year, Bitcoin transaction fees were very low, which meant that the Bitcoin asset had more hope of becoming an effective daily payment tool. However, as of this writing on June 5, the next Bitcoin block (approximately 10
minutes) transaction processing cost is $2.54.

Faced with relatively high transaction fees, small wallet holders may be less likely to make transactions

Transaction fees can incentivize miners to play a role in Bitcoin governance. Transaction fees are often determined by many factors, such as how crowded the Bitcoin blockchain is when the transaction occurs.

The cost of sending a Bitcoin transaction does not depend on the amount sent, which means that the fees for large transactions and the fees for small transactions end up being the same. Historically, this has been a great way to send large transactions in Bitcoin and other cryptocurrencies, as Bitcoin transaction fees tend to be much cheaper than other modern payment methods. However, Bitcoin’s fixed transaction fees may make sending small transactions too costly to implement on a regular basis.

It may be encouraging to see so many small Bitcoin holders, but high transaction fees may mean many are unlikely to spend at this point in time
BTC. The large number of small Bitcoin holders is in desperate need of scalability solutions to reduce the asset’s intermittently high transaction fees.

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