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Long-Term Bitcoin Investors Reach ATH in 15 Years, Control 74% of Supply
Ark Investment's research notes that the number of long-term Bitcoin holders (BTC) has surged, controlling 74% of the Bitcoin supply. This event also marks the highest point for Long Term Holders (LTH) of Bitcoin in the last 15 years.
Furthermore, this achievement demonstrates an increase in investor confidence in the digital asset, which can be regarded as 'digital gold'. Therefore, this crypto asset is believed to be a hedging investment instrument.
It is known that this surge occurred alongside the rise in Bitcoin prices of more than US$100 thousand. In addition, investors who have held Bitcoin for more than 155 days are considered as indicators of long-term holders of the asset.
This trend is driven by the high adoption of institutions that are increasingly making Bitcoin a part of their corporate investment strategies. Moreover, since the administration of U.S. President (AS) Donald Trump enacted strategic Bitcoin reserves for the country.