While leading names in the cryptocurrency community continue to offer different predictions about the market, more popular names such as Max Keiser and Ali Martinez Bitcoin They commented on the price trend.
Max Keiser, known as Bitcoin advocate, recently presented his predictions regarding BTC’s adoption strategy. While Keizer emphasized that GBTC has reached a balance, he stated that $ 50,000 is an achievable target.
Keizer, who is also an advisor to El Salvador President Nayib Bukele, also shared that the president thought that the movement towards this price was blocked because “some Wall Street giants blocked Bitcoin ETF purchases.” Leading Wall Street giants, especially BlackRock, took an important step against this problem with the ETF solution they offered.
What’s the Status of Bitcoin On-Chain Activity?
Interpreting on-chain data beyond speculative price predictions, Ali Martinez pays attention to the increase in active Bitcoin addresses. pulled. As we reported as Koinfinans.com, according to the latest data, the number of active wallets exceeded 1 million. This is the most important detail that the adoption rate is increasing.
Santiment shared his opinion that small BTC investors have left the market. According to the data, more than 487,000 wallets holding approximately 1 BTC have been liquidated in the last four. Therefore, questions began to increase about how this situation would be reflected in the price.
With the increase in active Bitcoin addresses, the liquidation of small wallets creates a complex scenario. While increased activity could indicate broader adoption and use of BTC, Santiment suggests that an exodus of small investors could lead to a jump in price.