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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d0enakalle🐇⚡ 2y ago

💯

We don't know shit about fuck.

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StackSats.IO 2y ago

Gotta be able to correlate it back to KYCed exchanges to know shit about fuck and even then, they’re clearly often full of crap

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