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No. Of Bitcoin Addresses Holding Between 0.01 And 1 BTC Grew By 710k Since The Beginning Of 2021


cryptogazette.com 13 May 2021 19:33, UTC
Reading time: ~2 m

It’s been just revealed that the number of Bitcoin addresses holding small BTC amounts grew substantially since the beginning of 2021.

The number of #Bitcoin addresses holding relatively small amounts, between 0.01 and 1 BTC, has grown by 710K since the start of the year with a big surge in April.@coinmetrics https://t.co/SSDdAtOxDN pic.twitter.com/UeIKokT9FJ

— unfolded. (@cryptounfolded) May 13, 2021

Bitcoin’s price fell today following the tweet of Elon Musk.

We revealed earlier today that Tesla CEO tweeted the following message:

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

Crypto Twitter went ballistic following this tweet.

PlanB posted the following tweet:

So Elon never really understood #bitcoin, never understood proof-of-work. His Doge pump was a warning sign. His turning to other “crypto” is confirmation. No more Tesla for me. https://t.co/wPzE3eEF68

— PlanB (@100trillionUSD) May 12, 2021

Tone Vays also had something to say about Musk’s tweet:

Looks like @elonmusk never understood the fundamental reason(s) of buying #Bitcoin for himself or @Tesla – Disappointed https://t.co/vCNb0XGPOI

— Tone Vays (#ActivateTaproot) (@ToneVays) May 12, 2021

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $48,590.19.

Strong hands are holding and buying the BTC dip

Regarding Musk’s tweet, Mike Novogratz has a different perspective of Musk’s tweet. Check it out below.

My take on @elonmusk is to take him at his word. He cares about the environment and he is using his considerable influence to push BTC mining towards a greener future. Lots of companies in the space have already been working on this. Stay tuned. And buy $BTC.

— Mike Novogratz (@novogratz) May 13, 2021

Strong hands are currently buying the dip and they don’t see Musk’s tweet and its effects as a tragedy. Stay tuned for more news and keep your eyes peeled on the crypto market.

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