Over 4.2% of All Bitcoins EVER Mined Are now Held by Funds | Coinscrum Markets w/ James Bennett

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meemurali352
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This week, Bitcoin has seen new ATHs on price, but what's remarkable is that these price gains happened while volatility was dropping. This suggests a maturing market, but where does that support come from? Well, over 4.2% of all bitcoins EVER mined are now held by funds - Grayscale being the biggest one. This is significant for the future of the Bitcoin Network and definitely a number to watch.

James Bennett, CEO of ByteTree, host Coinscrum Markets On-Chain Reaction.

DISCLAIMER: This entire presentation is for informational purposes only and in no way constitutes investment advice

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???? TIMECODES

00:00 Intro
00:31 Bitcoin volatility continues to drop
01:34 Bitcoin miners sustain daily revenues of $60 million
03:04 Significant rise in difficulty since the beginning of 2021
04:59 Bitcoin average 1-week transaction value supports a baseline of $8 billion
06:25 Funds now hold over 4.2% of all Bitcoin that have ever mined
07:44 Around 1% of all mined bitcoins are wrapped on the Ethereum Network
09:04 Conclusion

#bytetree #jamesbennett #coinscrum
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Crypto Trading
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