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10 sats \ 1 reply \ @ssaurel OP 12 Sep
In 2024, Bitcoin set a new record with 53 million non-zero addresses!
However, we can't link this to an explosion in Bitcoin adoption, as the use of Bitcoin as an MoE is stagnating strongly.
The entry of financial giants into Bitcoin is a major reason for this.
Today, BlackRock controls over 2% of the current Bitcoin supply. Cumulatively, the financial giants are approaching control of almost 5% of the current Bitcoin supply.
Bitcoin is gradually being integrated as a simple SoV into the current system.
A real danger for the future of the Bitcoin revolution, as Bitcoin is not intended to be integrated into the current system, which is flawed and not fixable, but rather to grow as a superior alternative accessible to all.
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0 sats \ 0 replies \ @bitalion 12 Sep
Exactly, that's where the mistake lies. That's not adoption. There may be 53 million addresses or 100 million, but it's still not adoption. Mixing Bitcoin with the traditional system will not be beneficial for the common citizen who needs Bitcoin more than any corporate monopoly.
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21 sats \ 0 replies \ @nitter 12 Sep bot
https://xcancel.com/ssaurel/status/1834097226907283751
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0 sats \ 0 replies \ @alexbit 12 Sep
Here we can see that, currently, there are about 100M non-zero Bitcoin addresses.
The sharp rise is due to shitcoins (aka ordinals and NFTs) being issued on the Bitcoin network, creating many small-value UTXOs.
https://bitcoinisdata.com/qtd_addr/
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