Although Bitcoin [BTC] has faced challenges lately, it was in a better position than its starting position in 2023. The growing number of holders raises the question of whether the king coin was on the cusp of a significant uptick at press time. Could a massive surge be in the offing?
Read Bitcoin’s [BTC] Price Prediction 2023-24
Despite the volatile nature of Bitcoin’s price, the number of individuals holding onto the cryptocurrency has been steadily rising. According to recent data from Santiment, more and more BTC investors are embracing a “hodl” mentality and retaining their holdings. As of this writing, there were over 46 million holders.
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