A twitter user named ‘Kevin Rooke’ outlined that the number of daily active on-chain addresses on 15th June, leading to mixed reactions from the community. For example, one Twitter user ‘added‘ that “using it and trading it are two entirely different things.”
While an other user ‘attributed‘ this present number of on-chain transactions to mixers, but failed to notice that though a rise in mixer use were the explanation for the rising active address count, it might still mean that additional individuals are employing BTC. Some replies claim that bitcoin is getting ready for a more fertile ground for Facebook’s forthcoming reported ‘Libra’ crypto project & blockchain. One user added:
“We are just getting the seat warm for Libra.”
“Yea, it’s getting used so much that the merchants adoption is…decreasing.”
Just earlier today, JPMorgan Chase ‘thinks‘ the Bitcoin trade has significantly changed ince 2017, citing a rise in institutional interest and also the high volume of bitcoin futures transactions.
Last week, the official Twitter account of Coinbase Custody, a cryptocurrency custody firm aimed towards institutions, ‘added‘ that it holds $1.3 Mln’s in assets underneath custody and expects to hit $2 Bln AUC soon.