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Home Bitcoin News

Bitcoin Becomes Reserves Currency & Encouraging Financial Heavyweights.

In line with a recent charts shared by Glassnode analytics company, Bitcoin [BTC] has reached several new all-time highs to do with wallets on the network.

Selina Mathew by Selina Mathew
August 8, 2020
in Top Stories
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Bitcoin Becomes Reserves Currency & Encouraging Financial Heavyweights.
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In line with a recent charts shared by Glassnode analytics company, Bitcoin [BTC] has reached several new all-time highs to do with wallets on the network.

Meanwhile, the chief executive officer of ShapeShift, Erik Voorhees, believes that Bitcoin [BTC] might become a reserve currency and encourage financial heavyweights to use it as the collateral for launching their own stablecoins.

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Percentage Of Bitcoin

Glassnode revealed that the amount of BTC wallets that hold over 1k BTC has hiked since Sep last year.

Bitcoin Becomes Reserves Currency & Encouraging Financial Heavyweights. Another chart published by the analytics supplier is that the percent of BTC supply that has not been moved over the past 3 years has reached a new high in 2 Yr, hitting almost 30% now.

Tags: #Bitcoin#Cryptocurrencies#Stablecoins#Wallets
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