Bitcoin is becoming one of the most attractive investment assets for Wall Street investors, thanks to its market performance and value proposition. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
“Long term”, the strategy of Bitcoin holders
📍According to IntoTheBlock, Bitcoin investors hold their cryptocurrencies for the long term as part of their investment strategy. The on-chain analysis platform, IntoTheBlock, points out that investors or holders of Bitcoin maintain ownership of their BTC cryptocurrencies on average about 4,2 years, which is considered a long-term investment strategy, with enough time to see a significant change in the asset's performance.
Four years ago, the price of Bitcoin was around $8.070 per unit, so to date, the performance of this cryptocurrency is approximately 275%, based on the current BTC price of $30320.
Source: CoinMarketCap
On the contrary, altcoins like Ethereum tend to be held for a shorter time than Bitcoin. According to the platform, Ethereum holders hold their ETH for an average of 2 years. Similarly, other cryptoassets such as Dogecoin, one of the most popular crypto memes in the world, are held for a shorter time than Bitcoin.
The platform also highlighted that Bitcoin is increasingly establishing itself as an alternative investment to traditional vehicles, such as Treasury bonds, which are currently experiencing one of the largest sell-offs in their history.
“Bitcoin has increasingly been cited as an attractive alternative asset among Wall Street veterans,” the platform noted, highlighting the cryptocurrency's price performance and its value proposition.
They launch a new training program focused on Bitcoin development
📍Bitcoin training platform Satoshi Bookstore has launched a new program to educate on the Bitcoin command line. Titled “Learning Bitcoin from the Command Line,” this new training program focuses on developers who want to learn Bitcoin Core setup, scripting language, use of the CLI interface, privacy with Tor, and much more.
On of Bitcoin.
An ETH whale wakes up after 8 years
📍An Ethereum address with 2.000 ETH moved some of its funds over the weekend after 8,2 years of inactivity. The blockchain transaction monitoring bot, Whale Alert, reported the awakening of a new Ethereum whale that had been asleep for just over 8 years.
According to the platform, an Ethereum whale holding 2.000 ETH, worth approximately $3,2 million at the time of the transaction, has moved 500 ETH to an unknown wallet address.
Applied Digital expands to Texas
📍Digital infrastructure company Applied Digital has installed a new data center in the state of Texas. This new data center operates with an installed capacity of 200 megawatts (MW) in the community of Garden City, in the state of Texas (United States).
With this opening, Applied Digital expands its blockchain hosting capacity to a total of 480 MW of capacity. This next-generation data center represents the company’s third opening in North America.
Applied Digital is one of the hosting providers for Marathon Digital Holdings, one of the largest crypto miners in the United States.
Continue reading: Chainlink (LINK) prepares to deploy its new staking system
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
