Bitcoin has become a far more popular asset for investors over the course of 2020. More wallets that typically buy and hold cryptocurrencies are turning to bitcoin as a kind of “crypto safe haven”, while fewer cryptocurrency wallets are involved in high magnitudes of trading.
The chart also shows that there’s a correlation between a slowing of holder accumulation and a fall in the value of bitcoin. More long-term investment should mean more stability and sustainability when it comes to growth, however, there’s no sign of long-term BTC investment slowing down at this time.
The present landscape also has a significant number of high-quality and trustworthy crypto exchanges that have emerged since 2017. This has further helped to leverage growth and confidence in newer investors in a way that can help safeguard bitcoin’s long-term trajectory.