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 🤷🏻♂️
Yep. That is an incorrect measure of growth, it only shows number of addresses not people
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