$30 Billion sold since December by Bitcoin owners – Bitcoints

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Published on June 9th, 2018 | by bitcoin

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$30 Billion sold since December by Bitcoin owners

$30 Billion sold since December by Bitcoin ownersNews

Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet , concerning bitcoin core (BTC).
From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in December.
Is bitcoin a store of value for the long term or medium of exchange?
Of those, just under 100 wallets owned by longer-term investors contained between 10,000 and 100,000 bitcoin,” Ms. Murphy concluded.
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Source: News.bitcoin.com

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