Bitcoin Sees Masses Of New Users

Bitcoin seeing a major influx of new users, be it from the global economic crisis or what have you. Regardless of reason, a storm is a’brewin’ and we should see some big things in the next several weeks with the halving coming up.

Bitcoin Sees Rocketing New User Inflow: Will Looming Economic Crisis Spur Adoption?

According to a recent report from on-chain analysis platform Glassnode, in addition to large exchanges seeing a massive uptick in new users, on-chain data also shows that new user activity on the Bitcoin network has ballooned in recent times.

This growth is especially highlighted while looking at the net growth of entities, which has tripled over the past month.

“Not only are exchange accounts growing particularly rapidly, but new user activity on the Bitcoin network has also accelerated, with net growth of entities almost tripling over the past month, rising from 6000 to over 17,000 new entities per day,” they noted.

Full article here:

Master Asked on April 16, 2020 in Bitcoin.
Add Comment