The number of Bitcoin wallets holding $1,000 or more has seen a 20% increase since the beginning of the year, reaching a record high of 10.6 million on March 13, marking a 101% rise compared to 2023.
Self-custody of Bitcoin has gained popularity due to exchange failures and problematic practices since 2022. Balances on exchanges decreased to 2.3 million BTC in Q1 2024, a 30% decrease from all-time highs.
Fidelity highlighted the need to monitor the decline in available Bitcoin on exchanges in 2024, emphasizing the importance of alternative custodial methods like self-custody.
[
add
]
[
|
|
...
]