In was recently reported that the number of unique Bitcoin addresses holding an excess of 0 bitcoins i.e more than zero bitcoin in them just got to an all time high
Bitcoin recently hit a new milestone and an all-time high for its addresses. It currently has more addresses with BTC in it than at any other time in its history...
...Bitcoin now boasts some 28.39M addresses with more than 0 BTC in them. This tops the previous all-time high seen in January 2018 when the network hit 28.384M active addresses. The story was first reported by analyst Alex Thorn (@intangiblecoins)...
Full article:
https://beincrypto.com/bitcoin-addresses-hit-a-new-all-time-high/amp/?__twitter_impression=trueThis shows an evident increase in the adoption of Bitcoin all over the world, although unique addresses does not necessarily translate to unique users of the network, it shows the growth of the network.
Is this evidence of Bitcoin going mainstream?
Would an ATH in addresses lead to a new ATH in the price?
Increase in the number of bitcoin addresses doesn't necessarily mean in an overall increase in the price of bitcoin as you said it just means that the network is growing. But surely it can eventually lead to an increase in price of bitcoin if the underlying issues such as high transaction fees can be solved.
I personally use ethereum to transfer funds from one place to another just because of the high fees occurring in transferring bitcoins. If problems like these are solved then bitcoin user adaption will grow just like old days when bitcoin controlled more than 70% of the network.