Crypto Holders increasingly Treating Bitcoin as a Store of Value, According to CryptoQuant CEO
CryptoNewsTerminal Staff21 May, 2024
Crypto Holders increasingly Treating Bitcoin as a Store of Value, According to CryptoQuant CEO
CryptoQuant CEO Ki Young Ju noted that "Bitcoin holders are increasingly looking to hold rather than sell," indicating that BTC is "more recognized now as a store of value rather than a trading asset." Since the beginning of the year, his data shows that BTC's Holding Intensity has been above 0.4. Bitcoin is primarily seen as a safe haven during economic and political turmoil, just like gold.
