In the midst of market volatility and regulatory pressures, long-term Bitcoin holders remain unfazed, continuing to accumulate the digital asset. But what does this trend mean for the future of Bitcoin, and how do the metrics support this accumulation pattern?
Hodlers keep accumulating Bitcoin in wake of US regulation onslaught Hodlers keep accumulating Bitcoin in wake of US regulation onslaught
Long-term hodlers have continued to accumulate Bitcoin into June and remain unfazed by regulatory uncertainty and potential market volatility.
3 min read
Updated: Jun. 13, 2023 at 5:29 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In the midst of market volatility and regulatory pressures, long-term Bitcoin holders remain unfazed, continuing to accumulate the digital asset. But what does this trend mean for the future of Bitcoin, and how do the metrics support this accumulation pattern?
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.