Pascal Gauthier, CEO of crypto wallet firm Ledger, evaluated the crypto market in an interview with CNBC at the “Crypto Finance Conference” held in St Moritz, Switzerland.
Saying that the interest in Bitcoin is increasing, Pascal Gauthier used the following statements about the adoption of BTC:
“The number of wallets holding Bitcoin is actually increasing compared to the number of whales.
There is a deep retail trend all over the world. People are relying more and more on Bitcoin. It’s the retail investors that will drive the prices up.”
Gauthier, who also shared his ideas about altcoins, stated that there are cryptocurrencies outperforming Bitcoin in 2021 and he was a little surprised by this situation.
“For cryptocurrencies that debuted last year and performed very well, 2022 could be the year of consolidation.”
This prediction of the Ledger CEO is also supported by the latest data from on-chain data provider Glassnode. According to the data shared by Glassnode, the number of BTC addresses with small balances has reached an all-time high.
According to data from Glassnode, the increase in new wallet addresses indicates that more users are entering the Bitcoin network, which is considered a sign that retail is on the rise.
Ledger, which currently supports more than 50 cryptocurrencies, announced that it has launched a new debit card in December.
Ledger stated that the “Crypto Life (CL)” card will be released in the first quarter of 2022 for users in the United Kingdom, France and Germany, and will be available to users in the USA in the second quarter.