Bitcoin24h $89,087.62-0.42%

Ethereum24h $2,950.05-0.14%

BNB24h $883.83-0.62%

XRP24h $1.91-0.63%

Solana24h $127.02-0.26%

TRON24h $0.2952-0.77%

Dogecoin24h $0.1237-0.48%

Cardano24h $0.3577-0.33%

Bitcoin Cash24h $593.55-0.15%

Monero24h $505.14+0.19%

If BTC was really a rival to gold, it would be at $278K

BTC has lagged far behind gold over the past year. By one calculation, BTC is 68% lower than it should be.

The number of BTC wallets holding more than 0.1 BTC hasn’t grown in two years

There has never been a two-year period with a declining number of addresses holding more than 0.1 BTC — until now.

Although both BTC ETFs and the price of BTC itself have declined since October, ETF outflows have far outpaced the asset’s decline.

The significant moment came when Antpool mined block 923,999, earning Bitcoin’s coinbase reward containing the 19,950,000th BTC.

Amid a historic rally in gold over the last 12 months, BTC investors are losing confidence in it becoming digital gold.