Replying to Avatar noerms

Bitcoin question:

All these Bitcoin Youtubers often show Charts about how many addresses with balance above X amount of BTC. They refferr to them as showing growth and adoption. 📈

But is that really true? 🤔

If a whale buys 1 BTC every day and puts each of this BTC in different addresses, we have a big growth in addresses >1 BTC. But we don’t have more adoption 🤷🏻‍♂️
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El Tio 2y ago

It’s not the really real truth but we can approximate the true data with that numbers.

It’s not likely that any entity will separate 1000 BTC in 1000 different addresses. But possible indeed

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noerms 2y ago

I think it’s still likely. Like in the case i described. You buy 1 btc every day and your walket gives you another address each day.

But good point 🙏🫂💜