CoinMetrics: Bitcoin is increasingly perceived as a means of saving value

The volume of bitcoins that have been without movement for more than five years has reached a historic maximum. CoinMetrics researchers pay attention to this .

Thus, the new issue of the weekly distribution of the State of the Network states that the share of such coins is 21.6% of the total supply of digital gold. As of July 19, 3,847,859 BTC are without traffic:

The steady growth in the volume of "immovable" coins has been observed since mid-2015:

According to analysts, this suggests that long-term investors increasingly prefer the first cryptocurrency as a means of preserving value, less often using it as an intermediary in the exchange of goods and services.

Adaptive Fund partner and cryptanalyst Willy Woo expressed concern about the concentration of a large number of Bitcoins in the hands of a small group of people – "new bankers".

If you’re trying to find a new banker.

– Willy Woo (@woonomic) 23 linis 2019 r.

Also, the analyst does not exclude a gradual decrease in the volatility of BTC.

Previously, BlockchainJournal published an article on how to determine the number of irretrievably lost bitcoins based on the age distribution of UTXO.

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