The balance of bitcoins on exchanges fell to a minimum, and 65% of Twitter users believe in the strengthening of BTC after halving
The balance of bitcoins on exchanges fell to a minimum
The number of BTC that users store on exchanges has dropped to a 6-month minimum. According to Glassnode, the current balance is 2.36 million coins.
The indicator has been declining since March 13, when the price of bitcoin fell below $4,000. At the same time, the network activity has grown to record levels since 2017. According to TokenAnalyst analysts, investors are withdrawing cryptocurrency from exchanges, since they are considering long-term storage of coins.
65% of Twitter users believe in the strengthening of BTC after halving
The topic of halving is growing in popularity on the social network Twitter along with increased Google searches. Over the past two weeks, the number of posts mentioning the word “halving” has grown tweets-fold, reports The TIE.
On May 6, users posted 2,500 tweets: 65% of them are positive, that is, their authors expect that the event will positively affect the value of bitcoin.
The TIE notes that the topic of halving at the end of April surpassed the popularity of coronavirus among crypto enthusiasts.
Ex-President of Bank of China: digital yuan will replace cash
The digital version of yuan, which is already being tested by the Chinese authorities, may completely replace cash in the future, said Li Lihui, the former President of the Bank of China.
He noted that unlike traditional currencies, CDBC will not depend on a third-party bank or payment system. In this case, the virtual currency must meet four key conditions:
“Whether the digital yuan can become the dominant form of currency and mainstream payment means, depends on whether it has greater efficiency, lower transaction costs, enough economic scale with commercial value, and people’ acceptance,” said the former President of Bank of China.
He added that CDBC will have anonymity, like Bitcoin, but the regulator will set limits on the number and frequency of operations without confirming the identity.