Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “DataTrek Research co-founder Nicholas Colas recently observed that the 2.3% bitcoin wallet growth in April was the highest growth in more than six months. Colas said there are two potential explanations for the rise in wallet growth and the spike in Google search volume related to bitcoin in mid-March.
“Either … people are getting excited about bitcoin’s ‘halving,’ when its algorithm starts reducing new issuance by half … or … as with our recent observation about bored, lock-downed gamblers and sport betters drifting off to day trade stocks, some percentage have also found their way into crypto currencies,” he said”….
Read the full article here on Yahoo Finance!