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Official Guide 2019: The Best Bitcoin Casinos & Sportsbooks | Best Sign On Bonuses, No Deposit Bonuses, Top Paying Affiliate Programs, Top Mobile Casinos & More!

The Official Guide to the Best Bitcoin Casinos & Sportsbooks of 2019 The top Bitcoin Casinos & Sports Betting Sites, the best Sign on Bonuses, No Deposit Bonuses, 150% Deposit Bonus Match, Free Spins & More. Plus: The Top Paying Affiliate Programs, Best Mobile Bitcoin Casinos & More! U.S. Residents approved, 100% Authentic Reviews The […]

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The Official Guide to the Best Bitcoin Casinos & Sportsbooks of 2019

The top Bitcoin Casinos & Sports Betting Sites, the best Sign on Bonuses, No Deposit Bonuses, 150% Deposit Bonus Match, Free Spins & More. Plus: The Top Paying Affiliate Programs, Best Mobile Bitcoin Casinos & More! U.S. Residents approved, 100% Authentic Reviews

The Best Bitcoin Casinos of 2019
The Best Bitcoin Casinos of 2019

The Best Bitcoin Casinos of 2019

You can get up to 1 BTC in bonuses with your deposits using Cryptoclarified’s exclusive link!

You might not know it, but online casinos love players who use bitcoins. That’s why we cryptocurrency folks get bigger and better bonuses than players who play with old-school fiat currencies.

Players who deposit in Bitcoin or smaller cryptocurrencies get better bonuses because accepting credit card (deposits or even debit card or Neteller or Skrill) is a big, expensive hassle for casinos. Bitcoin deposits, on the other hand, cost next to nothing and are simple for everybody involved.

As a Bitcoin player, you can easily get deposit bonuses up to 1 bitcoin per deposit. These kinds of sums are amazing when you consider that typical fiat-money bonuses are much smaller. For example at BitStarz you get nearly 20x(!) bigger bonus with BTC than you would with fiat money.

These bonuses match your deposit with a certain percentage, which usually is 100%. So deposit 100 mBTC to get 1 mBTC bonus for example. The extra money might not be all you get, as some casinos sweeten the deal by handing you free spins on top of your deposit bonuses, like the good folks at FortuneJack.

So in short, you can expect to get a lot of free bonus money when you deposit with bitcoin. The only exception are betting sites, which sometimes offer free bets instead of deposit bonuses.

Read: Bitcoin Casinos- The Future Is Here

Top Bitcoin Casino Deposit Bonus 2019

What Types Of Casino Bonuses Are Offered? How Do They Work?

Welcome Bonus

Welcome BonusThe one bonus almost every casino offers is a welcome bonus. This is a bonus given to new players when they first register with the casino. It is a great way for the casino to start off on the right foot with their patrons and for them to show their appreciation. It is also a good way for new players to test out games and see which ones they enjoy the most.

How do they work? First, log into your casino account. Then, while you are making your first Bitcoin deposit, you will be able to redeem a bonus code. After redeeming the code, you can collect the bonus and being to meet the wagering requirements so you can eventually withdraw.

Deposit Bonus

Deposit BonusMost online casinos offer a deposit bonus.

This is a type of bonus that players receive after depositing Bitcoin into the casino as a show of gratitude. For instance, if you make a deposit of $10, the casino might match that ten, essentially giving you $10 worth of bonus cash.

A deposit bonus will typically have a set percentage. If a casino offers 100% match bonus, they will match the whole value of the deposit. However, they will almost always have a cap. Other casinos may offer a 75% match bonus or a 50% match bonus, or even a %200 match bonus.

Bet and Get

Bitcoin BonusThis is another promotion you will come across, especially in online casinos that offer online sports betting. If you make a $20 sporting or online bet, the casino might give you $10 to use at the casino’s other games.

However this type of bonus can get even more generous sometimes offering offers more in the play/spend $10 get $50 in bonus chips.

As customers, and regulators, get less and less keen on wagering requirements this type of bonus makes more sense and we expect to see more of them coming in over the next 6-12 months.

Free Spins

Free SpinsFree spin bonuses are a popular promotion geared toward slot games. A lot of times you will see the free spin bonus show up as part of a welcoming package.

For example, a casino might offer a welcome bonus when a new player signs up where they give a deposit bonus plus 100 free spins. Some casinos give a free spin bonus to players when they register for the website, even if they do not make a deposit.

Typically, free spins only work on slot games. Sometimes, the free spins also work on other games. The terms and conditions of the given promotion will tell you what games are included in the free spins.

Free Bonus

No Deposit BonusA free cash bonus is a chance to play without actually risking any of your money. A casino might offer $20 of free money to new members when they first register. Casinos will also give free bonuses to existing customers as a way to incentivize them and gain their loyalty. Free no deposit bonuses are attractive to players because they get the chance to win real money without having to put any of their own money on the line.

The free play bonus is another common bonus you will see. This bonus is similar to a free cash bonus, but the bonus is time-restricted. For example, a casino might provide the customer $50 of free play, but once the bonus is claimed, the customer might only have an hour to play with the free cash. Once the hour is up, you can exchange your winnings for a smaller percentage of real money. You will see this type of bonus both as a welcoming bonus and as a loyalty bonus.

Wagering Requirements & Casino Bonuses

All Bitcoin casino bonus offers and deals will have wagering requirements attached. It’s important you understand them before you get started…

What are they? Simply put a wagering requirement is a condition attached to any bonus which stipulates a number of bets (or wagers) you must place before you can withdraw your bonus/winnings.

So if the casino gives you $2,000 bonus and attaches a 35x wagering requirement, you would need to wager $70,000 before you can make a withdrawal of any winnings or bonus awarded.

Often times, a bonus will specify eligible games. If that is the case, you have to wager the money on those designated games for them to count toward the wagering requirement. If you forfeit the bonus, the initial bonus and any of the winnings that came from that bonus will be removed from your account. If there is a wagering criteria, you will have a set time period to meet the requirements of the terms and conditions or the bonus and winnings will automatically be forfeited.

Not all games contribute equally to the wagering requirement and this differs at different Bitcoin casinos. As an example: 100% of your wagers could contribute to the requirement when you play slot games and speciality games. The percentage might then be less for table games, video poker, blackjack roulette, and baccarat.

Certain games can even be excluded for wagering requirements so it’s important to familiarize yourself with the terms before you start playing. It is recommended to join one of the Provably Fair Bitcoin Casinos.

How Do Bitcoin Casino Bonuses Work?

Casino Bonuses

Bitcoin casino bonuses work like regular online casino bonuses. There is a slight difference if the bonus is a deposit bonus. When you deposit Bitcoin into the casino, the coins are translated into a fiat amount. The fiat amount is what shows as your bonus amount.

The Best Bitcoin Casino Bonuses of 2019

The Best Bitcoin Casino Bonuses 2019

The Best Bitcoin Casino Bonuses of 2019

#1 BetChain

BetChain

Bonuses:

Betchain Exclusive Bonus
Betchain Exclusive Bonus : 150% Bonus Plus 200 Free Spins

Exclusive Cryptoclarified reader bonus: 150% deposit bonus match up to 1BTC on the first deposit + 200 Free Spins!

  • 1st: 150% up to 1 BTC + 200 Free Spins
  • Total: 2.5 BTC + 200 Free Spins
  • No deposit: 20 Free Spins
  • Total with High Roller bonus: 5.25 BTC
  • ETH, LTC, DOGE and BCH bonuses available

Join Now


#2 mBit Casino

Bitcoin-PR-Buzz-mBit-Casino-New-Design

mBit is different from other platforms represented here, as it offers sportsbooks alongside with casino products. Launched in 2014 by Direx N.V., mBit offers gambling with the help of Bitcoin, Litecoin, Dogecoin, Ethereum and Bitcoin Cash. It is licensed by Curacao, much like other platforms. You can register an account here without scanned ID to withdraw coins to your wallet.

Bonus

You have the largest bonus out of all four companies for your first ever deposit at mBit.

  • 200% up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE.
  • Second deposit, you have 50% for the same volume as first while third offers 25%
  • Accepts BTC, LTC, BCH, ETH, Doge

Join Now


#3 FortuneJack

fortunejack.jpg

Join Now


#4 BitStarz

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The promotion section of the company offers bonuses for first and several other deposits made in fiat money and bitcoins.The service is similar to what others, like Fortune Jack, mBit,andBitcasino, offer. The following bonus program is currently available to you:

  • first deposit: 100% up to 1 BTC + 180 free spins
  • second deposit: 50% up to 1 BTC
  • third deposit: 50% up to 2 BTC
  • forth deposit: 100% up to 1 BTC
  • individual game bonuses: double more wins on Rookie
  • simple sign-up bonus: 20 free spins with no deposit required

Join Now


Best No Deposit Bonuses

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Some Bitcoin casinos offer also bonuses, where you don’t have to deposit any Bitcoins to the site. This Bitcoin casino no deposit bonus is a good way of building your casino roll with no risk.

No deposit bonuses:

A Word To The Wise..Be Careful With New Platforms

With the growth of bitcoin network, so did the number of casinos turning out to be complete scams. Bonus promotions by new players in the market often seem to be “too good to be true”. Unfortunately, if you have that feeling when looking on new gambling platform, in most cases, you would be right. So, make sure to check out acouple of facts about the website before you decide to invest your funds:

  • gambling platform holds a license for its operations, issued by the governmental agency;
  • owners of the company are known to the general public, with clearly stated location of headquarters
  • proof of insurance of funds and/or cold storage of coins
  • customer reviews already available in the crypto communities.

The Top Bitcoin Sportsbooks- 2019 Official Guide

Bitcoin Sports Betting

Why Bitcoin For Sports Betting?

The security and privacy advantages offered by Bitcoin make it the optimal option for sensitive financial transactions, such as funding your online sportsbook account. Find out why Bitcoin has become the most effective financial tool for sports bettors who conduct business online.

Sports Betting Sites & Online Casinos Go Mobile

Technology is always advancing, and now some of the Best Bitcoin Sportsbooks for U.S. Customers (and worldwide) have updated their sites to allow players to place bets directly from their phone or tablet.

Check out our list of the Top Mobile Bitcoin Casinos & Sportsbooks for 2019.

Now you can bet on your favorite team, play poker, blackjack, 3D Slots and win real money from the comfort of your home while on your phone. No longer do you have to walk over to your computer to place your bet.

Zero Third Party Oversight

Due to the restrictive nature of federal laws on sports betting, American sports bettors have few choices when it comes to legal sportsbooks. With very few options, America’s legions of sports betting enthusiasts must place their wagers through offshore online sportsbooks like 5Dimes, Pinnacle, or Bovada.

While these sportsbooks usually have no issue accepting deposits from U.S. Customers, most banks will attempts to fund online sportsbook accounts.That’s where Bitcoin comes in, as the virtual currency’s design and structure is perfectly suited to solve this dilemma. By using Bitcoin to conduct these transactions, you avoid the threat of third party oversight entirely, as the exchange involves you and the sportsbook alone.

Bitcoin’s Blockchain Means Little to No Transaction FeesEvery online sports bettor knows that you can almost always deposit to a site free of charge, but withdrawing your winnings usually incurs a hefty fee. That’s because collecting your winnings from an online sports bet typically involves paying off the middleman.

However, a lack of fees is an extension of the Bitcoin blockchain’s fundamental design. With no middlemen standing between the payer and the payee, blockchain transactions don’t cost anything at all. Most Bitcoin transactions average a “fee” of just $0.04.

Funds Get There Faster

Continuing the benefits of cashing out via Bitcoin, bettors will be pleased to note that transactions typically take just minutes to complete.

Bitcoin Prevents Identity Theft and Fraud

Rather than input your credit card number, expiration date, and security code into an unsecured website form, Bitcoin transactions require only your address, along with your private and public keys. Bitcoin is a cryptographic currency at its core, so encoded data is an essential component of the exchange process.  Even better, while a Bitcoin address can be calculated through its corresponding private key, reversing this process is impossible.

This makes Bitcoin by far the safest currency available for bettors searching for a way to load their online sports book account without sacrificing valuable private information.

Finding a Trustworthy Bitcoin Sportsbook

Once you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you.Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies

The Best Bitcoin Sports Betting Sites

Best Bitcoin Sports Betting Sites of 2019

The Best Bitcoin SportsbooksOnce you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you. Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.

Top Crypto Casinos along with Top Online Bitcoin Casinos & Bitcoin Sports Betting Guide have each independently tested over 50 Different Bitcoin Sportsbooks & Casinos.

All of the Independent 3rd parties mentioned have Placed Bets, Deposited & Withdrew Funds, and used our experience along with the experience of several others to provide Rankings & Reviews of the Best U.S Friendly Bitcoin Sportsbooks & Casinos.

HE MADE OVER $25,000 IN ONE DAY PLAYING SLOTS AT THE TOP 4 BITCOIN CASINOS
The Best Mobile Bitcoin Sportsbooks of 2019

The Best Mobile Bitcoin Sportsbooks of 2019

Anonymous end-to-end crypto sportsbooks offer the following advantages over government currency sportsbooks.Unrestricted; all sportsbooks listed here accept players from United States.

Almost free and instant deposits and withdrawals of any amount 24/7.Sportsbooks save so much in banking and compliance that they can give higher odds.

Top Mobile Bitcoin Casinos & Sports Betting Sites that allow anonymous registration

Why Bet Anonymously?

  1. Betting anonymously makes it impossible for a sportsbook to limit you for winning too much.
  2. Betting anonymously makes it impossible for a sportsbook to sell or misuse your personal information
  3. Lastly, betting anonymously makes it easier to avoid legal and tax issues

Mobile Bitcoin Sportsbooks

U.S. Residents can now Bet on sports via phone/tablet

In addition to the many benefits of betting in Bitcoin versus cash, avoiding the 5-10 business day wait to receive your winnings, dealing with the sketchiness of your neighborhood bookie is now a thing of the past.

Convenience is quickly becoming the number one trait sought after by players and fans of online gaming and with the successful transit of software to mobile devices, this trend has been accepted as a standard. The industry has seen a shift towards mobile gaming, with downloadable and instant-play software from major online gaming establishments, and recently even Bitcoin sites have jumped on the wagon.

The appeal of a mobile Bitcoin sportsbook is easy to recognize – it offers access to games and matches from a mobile device, with the security and instantaneous transfers that are a trade mark of the online cryptocurrency.

The Best Mobile Bitcoin Sportsbooks for 2019

#1 Nitrogen Sports

nitrogen-sports-review-header.jpg

Nitrogen Sports bitcoin-only sports book & casino is easily another one of the best mobile bitcoin sportsbooks: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.Nitrogen Sports is our favorite “bitcoin only” sportsbook.  Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site.  They are headquartered in Costa Rica and owned by IdealMedia.com

  • Easily the biggest, most established and trusted bitcoin bookmaker.
  • 100% anonymous.  Nitrogen do not even ask you to provide an email address.
  • Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
  • The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
  • Deposits are credited with zero confirmations and withdrawals process in hours.
  • The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
  • 2-Factor Authentication available.  Support provided via live chat or ticket system.
  • Nitrogen Sports does NOT offer a deposit bonus but do they run some fun promos.

Join Nitrogen Sports


#2 FortuneJack

Top Bitcoin Sports Betting Sites (US Approved) Anonymous Registration

Join FortuneJack


The Best Bitcoin Casino Affiliate Programs

The Best Bitcoin Casino Affiliate Programs 2019

#1 BetChain

The Best Bitcoin Casino Affiliate Programs 2019
The Best Bitcoin Casino Affiliate Program of 2019

#3 mBit Casino

Top Paying Bitcoin Affiliate Programs 2019
Highest Paying Bitcoin Affiliate Program 2019

#4 FortuneJack

From FortuneJack:

PARTNERSHIPS ARE AN IMPORTANT PART OF OUR LONG-TERM STRATEGY, SO IF WE CAN’T MAKE YOU HAPPIER THAN ANYONE ELSE YOU COULD PARTNER WITH, THEN WE CAN’T SUCCEEDTHREE IMPORTANT THINGS:

Apply now to become our newest affiliate, so you can SIGNIFICANTLY INCREASE the amount of money you make from every website visitor, email subscriber, and audience member you have: There are many ways to build an online casino – content marketing, advertising, video, blogs, social media, etc. We decided from the start that partnerships with high-quality sites and email list owners would be a big part of our long-term strategy for success.

And based on our more than 20 years in the casino industry, we’ve learned that the partnership and affiliate game is all about quality. We know from experience that high-quality partners refer high-quality players, and high-quality players are more profitable, AND one high-quality partner can refer 10, 20 or even 30 times as many players as a low-quality partner…

So, from the start our goal was to do everything in our power to attract and keep the best, highest-quality partners we could find – like you.

To accomplish this, we realized that we would need to make you happier than any other casino, or even any other potential monetization partner could, so we set out to create the highest commissions, with the fewest number of players referred, with no revenue minimums, and a lot more.


New To Bitcoin? Check Out This Video by Mashable

See: Top Casinos Reviews & Rankings

View: Official Guide: The 6 Best Bitcoin Casinos & Sportsbooks 2019

Learn: Advantages of Gambling with Bitcoin Top Bitcoin Sportsbooks 2019

True Story: Bitcoin Casinos: Writer Makes Over $25,000 In A Day Gambling Online at Bitcoin Casinos & Sportsbooks

shutterstock_1019110117 (1)
Earn Money as a Bitcoin Affiliate

The post Official Guide 2019: The Best Bitcoin Casinos & Sportsbooks | Best Sign On Bonuses, No Deposit Bonuses, Top Paying Affiliate Programs, Top Mobile Casinos & More! appeared first on CryptoClarified.

Source: https://cryptoclarified.com/official-guide-2019-the-best-bitcoin-casinos-sportsbooks-best-sign-on-bonuses-no-deposit-bonuses-top-paying-affiliate-programs-top-mobile-casinos-more/

Blockchain

Bitcoin Always Online In Venezuela: Launched The First Satellite Node In Collaboration With Blockstream

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Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido.

The initiative allows interacting with the Bitcoin blockchain without the need of an internet connection. A satellite antenna installed in Venezuela is in charge of the communication between the node and the blockchain.

How the Satellite Node Works

This novel solution allows the Venezuelan node to process information in real-time completely off-line. Thus, the normal functioning of the network in case of connectivity failure (something widespread in the country) is guaranteed. It also facilitates the use of cryptocurrencies in remote places where internet service is scarce, expensive, or even non-existent.

The project works as follows: Blockstream contracts a number of satellites to provide the communication service between the nodes and the blockchain. Cryptobuyer bought the necessary equipment to receive the signal and connect to the satellite, and Anibal Garrido and his team were in charge of assembling the antennas and making the required adjustments.

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For Alvaro Perez, a software programmer from Valencia City who helped set up the whole infrastructure, the node’s synchronization was an inspiring moment. In statements compiled by Cryptobuyer on an official blog post, the expert says that the operation was a “great achievement.”

“We downloaded the whole Bitcoin blockchain and successfully carried out the first transaction through a Bitcoin satellite node in our country on September 23, from the city of Valencia (…) We received bitcoin through the satellite connection without any internet connection. It was a moment of great achievement.”

The journey is just beginning for Bitcoiners in Venezuela

This would be the first of three antennas that Cryptobuyer plans to deploy to cover the country’s most critical areas. The remaining two will be placed in the country’s capital, Caracas, in the north of Venezuela, and Puerto Ordaz, an industrial city located south of the country.

Later on, they plan to deploy a large number of small devices that will serve as a sort of repeater antenna to create a sizeable mesh-type network that will facilitate transactions in Bitcoin even far away from the primary antenna.

Now there’s no excuse to start using some satoshis in the country. Venezuela keeps proving that it has plenty of reasons to be on the podium of the three countries with the most adoption of Bitcoin around the world.

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Source: https://cryptopotato.com/bitcoin-always-online-in-venezuela-launched-the-first-satellite-node-in-collaboration-with-blockstream/

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KuCoin’s CEO: The $150 Million Hack Is “Small” For KuCoin, Insurance Will Cover

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In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund.

  • The company first noticed the abnormalities at 2:51 AM, Sept 26, when it received an alert from its internal risk-monitoring system. More alerts followed, indicating abnormal transfers from the hot wallet.
    kucoin_ceo_lyu-min
    KuCoin’s CEO Johnny Lyu. Source: YouTube
  • At 3:01 AM, the exchange received an alert about its remaining balance from the monitoring system. Three minutes later, more alerts came in showing abnormal XRP withdrawal, which was followed by another alert that the company’s hot wallet is “running out of balance.”
  • Subsequent alerts between 3:05 AM and 3:40 AM showed abnormal BTC withdrawal alongside other tokens.
  • While the abnormal withdrawals were ongoing, the company set up an urgent task force and then shut down its wallet servers. However, the shut down did not do much to stop the hackers as the abnormal transfers continued.
  • At this point, KuCoin realized that the private keys of its hot wallet had leaked. The company then started moving the remaining balance in its hot wallet to cold storage at 4:20 AM. The process took about 30 minutes to complete.
  • Lyu said the exchange would publish the addresses used by the hackers on its official channels. An earlier report on the hack shows that the Ethereum address supposedly used for the operation contained over $150 million in ETH and ERC-20 tokens.
  • KuCoin is now in contact and working with the international police, its largest clients, and industry experts for an in-depth investigation into the incident.
  • The CEO also said they had asked most crypto exchanges, including Binance, Bitfinex, OKEx, BitMEX, and Houbi Global, to blacklist the hackers’ wallet address and assist with the investigation.
  • The crypto community was quick to swing into action to assist KuCoin in its request. Bitfinex CTO Paolo Ardoino said they have already frozen 13 million USDT on EOS that was part of the hack, while Tether froze the 20m USDT on Ethereum in the ETH address used for the hack.
  • While trading services are still available, withdrawals and deposits will remain closed until the exchange completes its wallet upgrade.
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Source: https://cryptopotato.com/kucoins-ceo-the-150-million-hack-is-small-for-kucoin-insurance-will-cover/

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Bullish? On-Exchange Bitcoin Declines While Whales Accumulate (Report)

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A recent report suggests that the amount of Bitcoin stored on exchanges is declining while BTC whales increase their holdings and that’s bullish for Bitcoin’s price.

The paper also highlighted that investors have a much larger time horizon for their holdings now compared to previous years.

Bitcoin Stored On Exchanges Drop

In its latest report shared with CryptoPotato on Bitcoin investors’ behavior, the popular research company Digital Delphi explored the number of bitcoins stored on cryptocurrency exchanges. The document indicated that if the BTC stock on platforms increases, it could put sell pressure.

However, this isn’t necessarily the case during bull runs, as retail investors often “leave BTC on exchanges and traders use BTC as margin collateral.” Alternatively, in case the asset price rises while the stock on exchange decreases, this typically implies an accumulation trend.

The report indicated that Bitcoin stored on exchanges marked an all-time high of 2.96 million in mid-February. Since then, the trend has reversed, and the number has dropped to below 2.6 million.

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Bitcoin Price/Bitcoin Stock On Exchanges. Source: DigitalDelphi
Bitcoin Price/Bitcoin Stock On Exchanges. Source: DigitalDelphi

Digital Delphi argued that the reason behind this decrease of BTC on exchanges is because investors are most likely preparing for a longer-term holding period. More importantly, though, the paper highlighted a substantial decline in speculative trading interest in Bitcoin, while the HODLing mentality has increased.

“Unlike the 2019 price uptrend, which coincided with BTC stock increasing, this current trend has seen a divergence between BTC stock and price. This suggests a more sustainable move upwards for BTC, in comparison to that of 2019, as data indicates a holder base with longer time horizons.”

Bitcoin Whales Haven’t Slowed Down Accumulating

Digital Delphi’s data reaffirmed previous reports that Bitcoin whales, meaning addresses containing between 1,000 and 10,000 BTC, continue to accumulate large portions. The company outlined that whales have been on a shopping spree since the start of 2020, as their holdings have increased by 9% YTD.

Moreover, the US Federal Reserve’s actions to print extensive amounts of dollars since the start of the COVID-19 pandemic have accelerated whales’ accumulations.

“Since the USD M2 supply expansion in March, there has been a 7% increase in whale holdings.”

According to the document, this only emphasizes the narrative that Bitcoin serves as a hedge against dollar inflation, and “the smart money is clearly betting on this.” It’s worth noting that prominent US investor Paul Tudor Jones III purchased BTC earlier this year to protect himself against precisely the rising inflation.

Bitcoin Whales HODLing. Source: DigitalDelphi
Bitcoin Whales HODLing. Source: DigitalDelphi
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Source: https://cryptopotato.com/bullish-on-exchange-bitcoin-declines-while-whales-accumulate-report/

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