Bitcoin’s value recently went past US$95,000 and, at this time of writing, bitcoin was valued over US$97,000. The increase comes as a result of the halving event that took place in April 2024. This event halved the number of new Bitcoins that can be mined in a day. Network activity has diminished, with daily active addresses down 18% year-over-year to only about 735k in April 2025. Despite the initiative’s success, Bitcoin’s long-term value proposition is still quite strong, buoyed by healthy ETF inflows and its history of being a store of value.
The cryptocurrency market is still processing the biggest ongoing event of April 2024— the halving of Bitcoin. This event occurs approximately once every four years. It reduces the reward for mining new blocks by half, which in turn, drastically reduces the creation of new Bitcoins. Though there’s no guarantee, in the past these halving events have typically occurred right before major price runs as the new lower supply creates upward pressure on demand.
As April 2025 approaches, Bitcoin price is confirming this development, having just crossed the US$95,000 barrier. The market capitalization of Bitcoin, approaching a trillion dollars at its peak, suggests that should be the case. Bitcoin currently has over 553,000 Bitcoins on its balance sheet, equivalent to about US$37 billion.
So, although Bitcoin’s price continues to reach all-time-highs, the general trend of network activity, defined as daily active addresses, has been on a downward slope. As of April 2025, these addresses counted about 735,000, a point-in-time drop of 18% from last April. This should cause little alarm for Bitcoin’s practicality and wider acceptance.
The more you look, the more you realize that Bitcoin’s value proposition isn’t in the day-to-day transactional use. Over 70% of all Bitcoin has not moved in over 6 months. This reflects that the majority of holders consider it a long-term investment rather than a currency for everyday purchases. This argument emphasizes Bitcoin’s utility as a store of value, similar to gold. Its scarcity and durability are important properties that drive this comparison.
Reinforcing this notion, institutional investors have expressed unprecedented confidence in Bitcoin’s long-term success. BlackRock, for example, injected US$970 million into its Bitcoin ETF in April 2025, proving the heavy institutional appetite. Such inflows lead directly to price appreciation and serve to validate Bitcoin’s growing status as a legitimate asset class.
Bitcoin was never meant to be used like a Day Traders buy/sell approach. Its biggest attraction is long-term appreciation. Beyond that, it serves as a unique hedge against inflation and economic uncertainty. It’s about creating long-term value not short-term outputs.
