Halving is approaching, the number of wallets with more than 0.1 BTC reaches the highest level ever

In today's post, primexbt blog will bring you information about the upcoming halving, the number of wallets with more than 0.1 BTC reaching the highest level ever.

Halving is approaching, the number of wallets with more than 0.1 BTC reaches the highest level ever

The number of addresses holding at least 0.1 Bitcoin (BTC) has surpassed 3 million, the first time since “hodlers” began preparing for the halving event.

Efficient market analysts believe that the halving has already begun to drive prices, but will not have a particularly large impact. Others say that the market is very unpredictable; Market movements should be described by behavioral economics - a discipline founded by Danny Kahneman, a psychologist who won a Nobel Prize for his research. At this point, the second opinion is probably more dominant.

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See more: Expert Findings: Tether Doesn't "Pump" Cryptocurrency

Counterweight to fiat money

More interestingly, the Black Thursday halving did not stop the growth of addresses holding at least 0.1 BTC. Although not considered a "whale", this increase has also shown a strong accumulation of retail investors.

This is also happening as Central Banks around the world are pumping money into the economy. This is probably a move to protect people's personal savings from the devaluation of fiat money.

While the influence of socioeconomic events on Bitcoin is undeniable, only time will tell if a bull market like 2017 will take place.

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