One Million Bitcoin Wallets Being Used Every Day: Wild West Crypto Show

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • The Wild West Crypto Show suggested that there are about one million Bitcoin Wallets are being used on a daily basis.
  • Stocks of S&P 50 and Dow have also been doing best to recover since March’s Black Thursday.
  • Polny also mentioned about Noah’s New Era Timeline which is a biblical reference to the 7-year cycle. 

A recent episode of the Wild West Crypto Show suggested that there are about one million Bitcoin Wallets are being used on a daily basis. Titled ‘Overall Crypto Market is up’, the show mentioned that the precious metals such as Gold and silver are up and continuing their rally despite some slight corrections. Stocks of S&P 50 and Dow have also been doing best to recover since March’s Black Thursday. As mentioned the cryptocurrency market is doing good. The two biggest cryptocurrencies in the world BTC and ETH have started rallying a month ago. A few days ago BTC and ETH touched the $12000 and $400 marks respectively before facing slight pullbacks. 

Gold’s Seven Year Historic Cycle

In the show, Bo Polny, a prominent gold analyst mentioned the seven year Gold cycle in the Daily Country Mile update. The seven year cycle refers to the series of events that take place every 7 years and impact the American economy. Polny also mentioned about Noah’s New Era Timeline which is a biblical reference to the 7 year cycle. 

Grayscale’s Bitcoin Advertisements Campaign

The next segment of the show, Weekly News Update was presented from the remodelled studios Investor Brand Network by Jonathan Keim. He kickstarted the weekly news update by mentioning about the Bitcoin advertisement campaign started by Grayscale investments that took place earlier this year. The 60 seconds advertisement titled ‘blitzkrieg’ was aimed at raising awareness of its services specifically. Grayscale is one of the largest crypto asset management companies which offers a variety of products in BTC, ETH, BCH, LTC and so on. Keim went on to the news of Coinbase’s partnership with BitPay which allowed users to pay for the products using BTC, ETH, BCH directly from their account. 

Daily Active BTC Addresses Touches the 1 Million Mark

Keim finally concluded with the news that the total number of daily active bitcoin accounts rose to a million. This implies a wider adoption as well as use of BTC at a very high level. Few days ago, BTC touched the $12000 mark before tumbling down by a few hundred dollars. Currently it is trading at $11,474.47. BTC’s growing popularity can be explained by inflation of the economy. Investors consider BTC an effective hedge due to its decentralised nature.

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