3.8 million bitcoins haven’t been used for 5 years

CoinMetrics analysts found that investors began to use cryptocurrency more often as a means as preserving value. The volume of bitcoins, which have been without movement for more than five years, has reached a historical maximum. According to CoinMetrics, the share of such coins in the total number now is 21.6%, which is 3.8 million BTC.

BTC supply untouched for 5 years

(BTC supply untouched for 5 years. Resource: CoinMetrics)

This indicator has begun to show steady growth since mid-2015. Analysts believe that this trend may suggest that cryptocurrency is increasingly used to preserve value, and not as a means of payment.

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