Bitcoin Whales Are On The Rise

Plus an interesting new study on blockchain usage from Deloitte

Happy Humpday, Blockfolians

The Lede

Investor confidence in bitcoin is strong. That’s according to data from Glassnote, which suggests that that the number of bitcoin whales has grown 2% since the May 11th halving.

glassnode-studio_bitcoin-number-of-whales

Here’s a little more info on that. For Glassnode’s purposes, a whale is an entity that has 1000 BTC or more.

The total number of those entities is up to 1,840 from 1,811 on May 1. The last time we saw these levels was November 2017.

The incredible reason whales could be worth $2 million each ...

The signs are pointing to something big.

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A Really Big Number We Should Be Paying Attention To 

40% 

That’s the percentage of firms who have implemented a blockchain-based solution, according to Deloitte


Final Thought

Hahahaha