The number of new Bitcoin addresses is SKYROCKETING
The number of new Bitcoin addresses is SKYROCKETING.
We haven't seen this kind of growth of new buyers (orange line) since 2017, when crypto blew up the information space.
This could be attributed to the following factors:
1. The use of crypto in companies that operate in financial sector.
Customers of banks or financial platforms can register new wallets to exchange fiat for crypto.
2. Newbies desire to buy cryptocurrency cheaply after BTC fell by -70-75% from $69k to $17k.
It`s a good time to enter the market, but you know that is not easy to start trading crypto at the beginning.