Good morning Bitcoin: 1.85 million BTC stands still for 10 years

20.12.2020 | 12:26

The current price for one Bitcoin (BTC) is currently $23.485.42. That’s 2.58% more than 24 hours ago. If you want to buy bitcoin for $100 now you will get about 0,0043 BTC for this.

The total market cap is $436,252,832,074.50 with a circulation of 18,575,475 BTC.

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1.85 million Bitcoin (BTC) has been at a standstill for more than 10 years.
More than 1.85 million bitcoin has been standing still for more than 10 years. Will some of this money ever move again?

These bitcoin currently make up about 10% of all BTC in Bitcoin Machine circulation. According to Glassnode, 1,857,721 BTC has been stationary for more than a decade.

The question is of course: will anyone ever send this bitcoin again? It is not known why this money has been standing still for so long, but there are different scenarios for this money.

Early Bitcoiner sold 55,000 Bitcoin before 2012
Martti Malmi sold 55,000 bitcoin before 2012. From the money he could buy his own flat, but those BTC are now literally worth more than a billion (!) dollars.

Malmi helped to build bitcoin in the early years, so he could have been very wealthy. The early bitcoiner regretted his sale, but that step also brought him a lot of beauty.
American FinCEN wants extra heavy rules for bitcoin companies
The United States is likely to continue to tighten the regulatory framework for the Bitcoin industry.

The Financial Crimes Enforcement Network (FinCEN) proposes that crypto exchanges and other Money Service Businesses (MSBs) should store more data for withdrawals over $3,000.

In addition, these financial institutions are required to report any transaction in excess of $10,000. Even if this payment is not considered suspicious.

In short: less privacy, more rules.

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