Post
Topic
Board Bitcoin Discussion
Re: 25k new Bitcoin addresses in 1 hour
by
Ridwan Fauzi
on 20/11/2020, 11:27:15 UTC
With 25 000 new bitcoin addresses created today and new money keep flowing into bitcoin market it's clear that bullish trend is very strong, but do you think creation of new addresses is a valid metric ? Creation of a new address doesn't automatically means that the user is new, I have many bitcoin addresses.
The new address must be accompanied by an increase in the price of bitcoin, maybe it is valid because bitcoin is still increasing and trying to recover from yesterday's correction. We still have one more information that could make the bitcoin price pass its all time high, yeah we still wait for the stimulus from the US government because if this happens there will be many people who will buy bitcoin like has happened in March.