Bitcoin’s Bearish Phases: A Key Difference Emerges in 2018 and 2022

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Former Bloomberg Intelligence analyst Jamie Coutts has highlighted a key difference between Bitcoin’s bearish phases in 2018 and 2022. Coutts points out that the number of BTC accumulation addresses increased significantly during the 2022 bear market, whereas they decreased during the 2018 BTC market slump. This rise in accumulation addresses suggests a stronger belief in the future of Bitcoin. Another notable difference in the crypto space is the substantial increase in daily active users (DAUs) over the past few years. Coutts predicts that AI technology will further accelerate crypto adoption and help DAUs reach nearly 400 million by 2030. The role of AI in the future of blockchain is expected to be a major factor in driving adoption. Bitcoin is currently trading at $38,825, showing a 2.8% increase in the last 24 hours.

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