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A new report from the leading crypto analytics firm, IntoTheBlock, paints an optimistic view of the perennial appeal of Bitcoin. Around 5.1 million Bitcoin addresses, or close to 10% of all the addresses, have acquired in the range between the current value of Bitcoin and the all-time high of $72,500. That’s an important statistic, showing strong belief in the potential of BTC holders and investors about its bounce-back capability.
This is further evidenced by the fact that a large part of the crypto community believes in and supports Bitcoin, irrespective of what market movements look like. Not only does the data from IntoTheBlock evidence such persistent trust in the value of Bitcoin, but it also supports the long-term investment narrative over short-term volatility. Such signs make it easier for both existing and potential investors to reinforce a positive sentiment for Bitcoin’s future.
