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November 29, 2022
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Bitcoin

Report points out that the number of active Bitcoin wallets has dropped to the low of July 2020

This is the lowest number of active Bitcoin wallets in almost 12 months

IntoTheBlock tweeted that the number of active BTC portfolios plummeted in June, dropping more than 25%. Last week, there were 787,000 active wallets on the Bitcoin network.

Earlier this spring, there was a spike of twice as many actively used wallets on the network.

Image via Twitter

Santiment agency adds that the last time active Bitcoin wallets were this low was on July 13 of last year.

“What remains to be seen is an increase in address activity. On the 30-day scale of the daily active address scale, July 13, 2020 was the last time the $BTC network was this low.”

In the meantime, the price of Bitcoin has rebounded from its drop below the $34,000 level and, as of this writing, BTC is changing hands at $34,989, according to CoinMarketCap.

Americans are still focused on gold

More Americans are willing to invest in gold compared to Bitcoin in the next ten years (13% and 9%, respectively), according to a recent research conducted by Bankrate, a New York-based consumer financial services company.

Stocks, cash, certificates of deposit (CD) are also more popular than cryptocurrency among US investors.

The housing market tops the list, with 28% of respondents saying they are willing to invest in it.

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Image of bankrate.com

The majority of survey respondents (61 percent) do not feel “very comfortable” or “not at all comfortable” with Bitcoin.

Unsurprisingly, most millennials, aged between 25 and 37, have an opposite attitude towards cryptocurrencies. Meanwhile, baby boomers are overwhelmingly pessimistic: only 16% of them accept crypto.

Source: U.Today

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