According to fresh report of the analytical company Chainalysis, on August 31 to an active personal wallets of users was 4.8 million BTC, which is the historical maximum: about 32% of the issue cryptocurrency, not including lost bitcoins. Thus at the end of 2017, this indicator was at the level of 3.8 million BTC (26% of the issue), for the period from December to April of this year, long-term investors sold to speculators bitcoins nearly $24 billion, and half of that activity came in December.
In Chainalysis note that during the summer all the monetary aggregates remained stable: for example, speculators have had about 22% of the amount of available bitcoins, and the amount of bitcoins investment amounted to about 30%. Company experts believe that this can be considered a sign of a reduced sensitivity of the market to speculative sentiment, which previously could cause a significant change in rates of cryptocurrencies after the high-profile news reports.
“Not long-term investors, new speculators this summer not much changed its position. This may indicate that large movements in the market, for better or for worse, is possible only in response to fundamental changes…
For a long period of presence as long-term investors and speculators suggests the conclusion that the bitcoin has achieved growth of the user base compared with the state at the end of 2017. This means that the first call was put in circulation – that is, getting cryptocurrency into the hands of people – reversed and we expect and what will be the next steps in this direction”, – explained in Chainalysis.
According to the economist Chainalysis Gradually Philip (Philip Gradwell), more and more people are saving bitcoins offer ahead of liquidity and those who this year purchased bitcoins, buy them in small quantities and are ready to spend. However 6.3 billion BTC locked for more than a year in inactive wallets, and some users made some cryptocell that can give the error in the conclusions.
Recall that as of July this year, according Chainalysis, due to the loss of private keys has been lost, a fifth of all existing bitcoins – $20 billion At the same time the operating Director of the Australian cryptocurrency exchange Blockbid David Sapper (Sapper David) said that the hype surrounding bitcoin and other cryptocurrencies, is just beginning. And at the end of August the specialists of Gartner came to the conclusion that the interest in blockchain technology in “cycle of hype” that describes the attitude to emerging technologies, has entered a phase of disappointment after overcoming the peak of expectations. Then, in their opinion, it will be possible to observe the growth phase of its understanding and the plateau of productivity.
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