Bitcoin Addresses with Massive Increase

Bitcoin (BTC) has set a new record at $68,500. This is the first time in history that we have seen Bitcoin prices at this level. Many experts and analysts still believe that the six-digit figure could be reached before the end of 2021.

Bitcoin is currently trading at $66,436.31, down 2.50% from the new record.

Meanwhile, the cryptocurrency market now has a market capitalization of $3 trillion.

This is particularly interesting as the number of wallet addresses continues to increase in lockstep with the rapidly rising BTC price.

Currently, BTC has a total of 38,536,223 holders and the number is increasing rapidly. Last month alone there were more than 362,811 new holders.

Although there is a warning from investors that the crypto market could become a bubble due to regulations and restrictions.

One simulation predicts that BTC will reach $89,000 by the end of November and reach a new price of $135,000 by the end of the year.

In addition, analysts compared Bitcoin prices to 1BTC = 37 ounces of gold. It has been argued that Bitcoin will become an alternative store of value just like gold.

However, Bitcoin has yet to be proven as a hedge against a coming crisis.

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