Chainalysis: Bitcoin investors and speculators held their positions over the summer
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Chainalysis compared its most recent report to its analysis of bitcoin holdings from December 2017 to April 2018. According to the report, from May 2018 to August 2018, the amount of bitcoin held for speculation remained stable at 22% of all available bitcoins. Additionally, the amount of bitcoin held for investment remained stable at 30%. This stability suggests that the current market is less sensitive to hype and news reports do not have significant influences on whether long-term investors or short-term speculators sell or buy. (Source: Chainalysis)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
See More
