Cryptocurrency
One-Third of Bitcoin Cash’s Supply Has Never Been Touched
Cointelegraph reports, “Data from CoinMetrics shows that roughly one-third of the circulating supply of Bitcoin Cash (BCH) has never been touched. “Coinmetrics also estimates that 2.3 million Bitcoins (BTC) have not moved in over five years — comprising 12.5% of the nearly 18.4 million BTC in circulation. “On April 6, Coinmetrics published data indicating that 6 […]
Cointelegraph reports, “Data from CoinMetrics shows that roughly one-third of the circulating supply of Bitcoin Cash (BCH) has never been touched.
“Coinmetrics also estimates that 2.3 million Bitcoins (BTC) have not moved in over five years — comprising 12.5% of the nearly 18.4 million BTC in circulation.
“On April 6, Coinmetrics published data indicating that 6 million BCH has not moved since the blockchain forked off from Bitcoin on Aug.1, 2017.
“With nearly 18.4 million BCH in circulation, 32.6% of existing coins are either lost or being held for the long-term.
“Coinmetrics also estimates that 12.5% of the circulating supply of BTC has not moved in over five years.
“The data varies significantly from the analysis produced by Unchained Capital’s ‘Hodl Waves’ — which estimates that nearly 4 million BTC or 21.65% of circulating supply has remained stagnant for five years or longer…”