The number of cryptocurrency holders has increased amid the fall in the bitcoin exchange rate

According to analysts at Glassnode, bitcoin investors have become more active due to falling prices, with the number of BTC holders increasing by 13 091 over the past week.

Glassnode reported that 865,254 addresses own more than 1 BTC (as of June 21). The number of retail investors has also increased, with more than 3 million users having purchased between 0.1 and 1 BTC.

However, not all investors are positive, as over the past week there have been 136 fewer addresses with a balance of more than 100 BTC — the largest cryptocurrency holders have sold some of their savings due to unusual volatility, which has resulted in the price of bitcoin dropping to $ 18,000.

The founder of BT. CX, Christian Andre, is convinced that turbulence in the crypto market plays a positive role as it accelerates the adoption of digital currency and increases the number of investors. Millionaire Kevin O’Leary shares a similar view, believing that the bankruptcy of large companies will benefit other firms as they will learn from it and be able to continue to develop their business.