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October 4, 2022
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– Bitcoin, cryptocurrencies and blockchain technology.

According to Coin Metrics, the number of active addresses in the Bitcoin network has increased by over 105% this year. In its latest report dubbed “State of the Network,” the company said the number of active addresses this year has doubled to 1.2 million.

A healthy market

Why is it so important? This is proof that the market is healthy. The healthiest since 2017. More active addresses means more people are using cryptocurrencies – or at least buying them.

Coin Metrics owes this year’s success of Bitcoin to the flooding of the market by institutional investors, including Square, MicroStrategy and PayPal. This is not surprising considering that institutions already own around 5% of the current BTC supply.

Soon after [inwestorzy instytucjonalni zainwestowali] Bitcoin’s price began to rise. In a rapidly changing world, Bitcoin is increasingly being advocated as a hedge against inflation and a form of digital gold.

– we can read in the report.

Bitcoin will grow in 2021

Coin Metrics also noted that this year, BTC market capitalization increased by more than $ 300 billion, and the number of addresses with at least 0.01 BTC by more than 700,000. According to the company, we can count on even greater returns on investment in the oldest cryptocurrency next year.

In many ways, Bitcoin is in its strongest position, but it closes in 2020. Bitcoin is on the verge of reaching unprecedented heights in 2021.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate at . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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