Top Bitcoin holders will be very happy if BTC price explodes to over $100k later this year, as many analysts anticipate.
Bitcoin price is still struggling to stay above $60k, and this is not making the top Bitcoin holders happy at all. However, they will certainly benefit the most if BTC price does explode later this year, as many analysts do anticipate.
Analyst “MartyParty” took to his Twitter account to post a list of top 10 BTC holders.
Top 10 Bitcoin Holders: A Closer Look
Here's a closer look at the list of top 10 Bitcoin holders:
Values calculated at the current BTC price of $58,340
It’s certainly bullish for Bitcoin to have institutions like BlackRock and Grayscale holding such large amounts of BTC. This level of institutional involvement demonstrates growing confidence in Bitcoin as a legitimate asset class and store of value. As these major players continue to accumulate and hold significant portions of the total Bitcoin supply, it could potentially lead to increased scarcity and upward pressure on the price.
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It’s important to note though that the BTC price will depend a lot on the broader world situation too such as US elections, cut rates in the US, and many other factors.
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