Diar report reveals retail investors have been quietly amassing Bitcoin

28 Feb, 2019 | Updated: 28 Feb, 2019
by Richard Allen
News
Diar report reveals retail investors have been quietly amassing Bitcoin

While institutional investors have been in the media’s eye lately, a recent report from Diar has revealed that retail investors have been quietly amassing Bitcoin.

According to the report, Bitcoin holdings of addresses holding between 1 and 10 BTC have been showing steady growth of 5% since the last all-time high in December 2017. Furthermore, these addresses bow represent nearly 10% of the total circulating supply.

The report does state that while 2018’s growth wasn’t as impressive (just 0.7%) as that seen from 2015 to 2017, which increased by an average of 35% per year, 2019 has shown improvement with a steady 3% increase.

The report goes on to note that larger addresses holding between 10 and 1000 BTC have been steadily declining since last year, which indicates a move to a more equal distribution of wealth. While that is one theory, Diar also notes that another might be that larger investors are beginning to lose interest in the digital currency, stating “It also could indicate an exodus of larger investors and lack of interest from new big money also.”

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Read more about:Bitcoin (BTC)

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