> Analysts have found an almost perfect correlation between new wallets growth and btc's price. The question here (at least to me), is what all those new walle

> Analysts have found an almost perfect correlation between new wallets growth and btc's price. The question here (at least to me), is what all those new wallets are doing with their bitcoin, what percentage of the community is actually using bitcoin as a currency vs an "investment" and they are just holding. Now, this doesn't mean that I don't believe in Bitcoin or Blockchain tech for that matter, quite the opposite.