78 Percent Of Bitcoins Are Hoarded: Quantitative Analysis Of Transactions

We had written about this before - that a very significant percentage of Bitcoins are actually hoarded. We had asked this recently as well: Bitcoin’s Rise: What If It Is Not A Bubble?

We spotted that stat again today, via Priceonomics: "If we sum up the amounts accumulated at the 609,270 addresses which only receive and never send any BTC’s , we see that they contain 7,019,100 BTC’s, which are almost 78% of all existing BTC’s.”

Source: Quantitative Analysis of the Full Bitcoin Transaction Graph

78 percent of Bitcoins are hoarded. Add the Buzz element, and we can clearly see that there is only one direction this could move: up.