Amount of untouched Bitcoins, coins which haven’t been transferred from wallets, has risen significantly over the past five years, according to CoinMetrics research.
21.6% of coins from the total supply of cryptocurrencies are unmoved during the period from 180 days to 2 years. The researchers note that a steady increase of untouched coins started in mid-2015. Thus, Bitcoin is steadily becoming more of a store of value than a medium of exchange.
At the same time, cryptanalysts fear that low Bitcoin circulation may lead to a decrease in volatility that could make the asset mirror the price action of commodities like gold.
If the majority of Bitcoins will be stored in the wallets of several “crypto whales”, the latter have a chance to become “new bankers.”