Report Diar: the number of bitcoin holders is on the rise
Bitcoin

Report Diar: the number of bitcoin holders is on the rise

By Fabio Lugano - 26 Feb 2019

Chevron down

The latest Diar report shows how the average number of bitcoin holders, with one to ten BTCs in their wallets, is increasing year after year, as can be seen from the graph:

report diar bitcoin holders

As a matter of fact, this trend does not seem to have been affected by the bubble bursting at the beginning of 2018, as it shows an increase of 5% from that particular moment.

From January 2017 the growth was as much as 35%, with a peak of 38%. In 2018 growth appeared to be slower, but it accelerated in the first months of 2019, recording an increase of 3% of the addresses containing between 1 and 10 BTCs.

Given the amount held, these are not wallets in the hands of exchanges but almost certainly of private investors who, to date, together own 6 billion dollars in the cryptocurrency.

55% of addresses with exactly 5 BTC had made the purchase before September 2017, while 49% has 10 BTC, indicating that they are long-term hodlers.

The number of operators that hold between 10 and 1000 bitcoins has seen a drop of 10%, while the average investors are increasing, a sign that the interest is increasing, while the interest of institutional operators or large speculators is contracting.

report diar bitcoin holders

Fabio Lugano
Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.