Bitcoin Addresses With Non-Zero Balances Hit All-Time High

The number of new Bitcoin addresses with a non-zero balance is at an all time high, surpassing the number of new addresses hodling BTC when prices hit $20K back in 2017.

Bitcoin’s Richest addresses: Not as many as you might think

Twitter user @IncomeSharks shared charts from Bitcoin onchain metrics API and Data site Glassnode Studio today, which show a logarithmic representation of address growth across a range of different metrics.

One chart shows that Bitcoin’s price is directly correlated with both the creation of new addresses and new addresses that are already actively hodl’ing.

$BTC addresses with non-zero balances are at an all time high. What’s more surprising is that we are even higher than when we near $20,000. Hard to not be bullish on this kind of distribution and adoption. @glassnode pic.twitter.com/bNvt78C5rD

— Income Sharks (@IncomeSharks) February 21, 2020

• The total number of Bitcoin addresses is 615,463,205 addresses, as of February 20^th, the most recent…