The Bitcoin network serves more than a million addresses a day

A pedestrian walks past a monitor showing the prices of virtual currencies at the Bithumb exchange office in Seoul, South Korea, on Friday, Dec. 15, 2017. South Korea will restrictively allow cryptocurrency trading on only qualified exchanges and review a possible capital gains tax on crypto trading as a way to restrain the nation's frenzied speculation. Photographer: SeongJoon Cho/Bloomberg via Getty Images

According to CoinMetrics on June 14, the bitcoin network is used by more than a million active addresses a day.

This news has caused mixed reviews crypto enthusiasts. According to one Twitter user, “trading bitcoin and using bitcoin are two different things.” Another user suggested that the increase in the number of addresses could be related to the spread of bitcoin mixers. However, he added that their spread also implies the growing popularity of bitcoin.

According to many experts, this situation has developed thanks to the imminent launch of the cryptocurrency Facebook called Libra. According to them, the digital currency of such a world-famous project undoubtedly attracts many new users to the industry. In addition, the interest of institutional investors in the industry continues to grow.

According to the Cointelegraph report, JPMorgan Chase management believes that the cryptocurrency industry has changed significantly compared to 2017. According to them, the growth of institutional interest and growth in the volume of futures transactions are key indicators of market development.

Last week, representatives of Coinbase Custody – a company engaged in the storage of cryptocurrency for institutional investors – reported that they are in charge of about $1.3 billion in cryptocurrencies, and soon this amount should grow to $2 billion

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: