The number of Bitcoin wallet addresses with a non-zero balance has hit a new record high, reaching 47.9 million according to data from Glassnode. This metric is often used to measure Bitcoin adoption and suggests that more people are investing and holding onto Bitcoin. The increase in non-zero addresses is attributed to new investors being enticed back into the market due to optimism for a better macro backdrop in 2023 and increased on-chain and technical signs that the Bitcoin bear market is over. Despite recent fear-driven discussions and rate hikes, Bitcoin's price has shown resilience and non-zero address adoption trends indicate a positive outlook for Bitcoin's future.
All Comments