New Highs: Coinbase and MicroStrategy Public Bitcoin Wallets Reach Record Levels
Public Bitcoin wallets associated with Coinbase and MicroStrategy have experienced a significant surge, indicating a substantial increase in Bitcoin holdings. Recent data reveals that these wallets have surpassed previous records in terms of the amount of Bitcoin stored. This development occurs amid growing institutional interest in cryptocurrencies, particularly Bitcoin, as an alternative investment asset. Bitcoin holding strategies vary from long-term holding, known as “HODLing,” to active trading to capitalize on market volatility. This increase in holdings raises questions about the future of Bitcoin and its expanding role in the global economy.