Bitcoin surpasses one million daily active addresses! On June 14th, CoinMetrics noted that Bitcoin surpassed one million daily active addresses.
This is the current number of daily active on-chain addresses – however, this news was met with some hesitation. “Using it and trading it are different things” said one Twitter user.
Some think that Bitcoin is only preparing for Facebook’s rumored Libra Cryptocurrency and blockchain.
Others are pointing towards merchant adoption decreasing as proof that this news is nothing but a red herring.
We know that the Libra Association will be huge for cryptocurrency – but is it the right move? Across the board, we’re seeing institutions and organizations preparing for the next bull run. Coinbase Custody revealed that it holds $1.3 billion in assets under custody and expects to hit $2 billion AUC in the near future. We know that JPMorgan Chase thinks that the Bitcoin industry is exciting enough for it to delve into the business of establishing a Stablecoin.
What do you think? Is the market preparing itself for the next bull run? Bitcoin has breached $9,000 and it’s holding steady above $9,300. What will you do? Let us know on our Facebook page!
