The total number of all bitcoin addresses in the world has exceeded 1 billion

The total number of bitcoin addresses ever created has exceeded 1 billion, according to the Glassnode analytics platform.

Buying digital assets when prices are falling in the market has become a common investment strategy for investors, especially for those who expect to make a profit in the long run. According to analysts, such a large number of bitcoin addresses should be interpreted as «positive sentiment about the future of BTC.» At the time of writing, bitcoin is trading at $ 19,688.

Experts emphasize that one user often owns several bitcoin addresses, usually to maintain confidentiality: investors carry out each new transaction at a new address. However, earlier this year, the number of bitcoin addresses exceeded 40 million for the first time in history.

As a reminder, it is the fall in the value of bitcoin that has led to an increase in demand for it. Thus, retail investors have been very active as the flagship cryptocurrency fell below $ 20,000. Holders of wallets with 1,000 BTC or more bought coins at the bottom, putting them into long-term cold storage. This also applies to corporations — recently, the largest commercial holder of BTC bought cryptocurrency. States are not lagging behind either, as El Salvador has increased its stock of BTC.