Bitcoin’s On-Chain Activity Slump Leads Analyst To Claim Apex Crypto’s Shift From P2P Cash To Store Of Value
Posted On December 29, 2025
Popular cryptocurrency analyst Ali Martinez argued that Bitcoin (CRYPTO: BTC) is shifting from a peer-to-peer currency to a store of value, citing a sharp dip in network activity.
Analyst Spotlights Drop In BTC Active Addresses
Martinez took to X, highlighting a 42.6% decline in Bitcoin’s active addresses since 2021, citing data from on-chain analytics firm Glassnode
“This illustrates the shift from peer-to-peer cash toward a store of value,” he stated.
Drop In Bitcoin Liquid Supply
It was interesting to note …
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