Recent data reveals a sharp decline in unique Bitcoin deposit addresses on exchanges, indicating deepening confidence among investors in the cryptocurrency's long-term prospects.
Bitcoin Deposit Trends on Exchanges
According to the latest analysis from CryptoQuant, the number of unique Bitcoin deposit addresses on exchanges has significantly decreased. Between 2015 and 2021, this figure averaged around 180,000 addresses per year, but since 2022, it has been on a worrying decline. The current 10-year average stands at about 90,000 addresses, while the 30-day moving average has dropped to 48,000, marking a multi-year low. Analysts note that this indicates a growing trend of holding Bitcoin rather than active trading.
Bitcoin as a Modern Reserve Asset
Bitcoin is increasingly being seen as a strategic asset for nations seeking to enhance economic resilience amid current global changes. According to a report by CoinShares, this cryptocurrency could serve as a hedge against inflation and geopolitical instability, making Bitcoin a modern complement to gold and foreign exchange reserves.
Interest of Major Investors in Bitcoin
An increasing number of investors and even corporations are viewing Bitcoin as a long-term reserve rather than a speculative instrument. For example, in the coming years, countries like Brazil and Russia are showing demand for Bitcoin, highlighting a competitive approach to securing a greater share of assets amid rising debt and inflation.
Thus, the decrease in Bitcoin deposits on exchanges and the increasing interest in holding it signal changes in the perception of this cryptocurrency in the markets. With the widespread shift towards preservation strategies, Bitcoin may secure an important place in investor portfolios as well as in national reserves.
