A statistic quoted from an outsider like stanley duckenmiller takes nothing into account, like lost BTC or Satoshi's coins (I am assuming).
well there are millions of unmoved coins.
In 2017 there were
10.5
5.25
15.75 2016 1/2ing add 1 million
maybe 16.75 in circulation of which at least 2.75 were 'frozen or lost'
leaves 14 mill free
so 2.345 million sold out of 14 mill = 83% hold
or 2.345 mill sold out of 16.75 = 86% hold
so the 2.75 million 'frozen' out of 16.75 million mine
only moves the number 3%
Truly impressive as it means many did not take profits.
As of Jan 1 2017 ATH was about 1400 and from Jan to Dec about 365 x 144 x 12.5 = 660k coins mined (rounded up)
So 16.75m-0.660m = 16.09 mill coins were at a cost value under 1400 in December 2017 when price was 19900
so 14.2x1 at a minimum for 16 mill coins and only 2.345 million got sold
that is fucking really impressive.
There are many long term players in the world of BTC. Assuming the 86 or adjusted 83% are true numbers.
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