Fidelity Executive: 'Number of Bitcoin Wallets Has Hardly Changed Over the Past Year'

Uk Jin

Summary

A Fidelity executive reported that the number of Bitcoin wallets has hardly changed over the past year.
This is because there are many large-scale buyers, resulting in little change in the number of wallets.
It was stated that it will become increasingly difficult to track Bitcoin with the curve model in the future.

The number of wallets representing Bitcoin (BTC) owners has hardly changed over the past year.

On the 25th (local time), Jurrien Timmer, head of Fidelity Global Macro, stated on X (formerly Twitter) that "Bitcoin continues to follow the path of the demand model and the power law curve of the network," but "the actual number of addresses and wallets has hardly increased over the past year."

He explained, "The number of wallets has hardly changed because there are many large-scale buyers like Exchange-Traded Products (ETP) or Strategy (formerly MicroStrategy)," adding, "Unfortunately, it seems that it will become increasingly difficult to track Bitcoin with the curve model in the future."

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