More Individual Investors Embracing Bitcoin Will Raise The Price -Ledger CEO

Pascal Gauthier, CEO of crypto wallet provider Ledger, thinks that bitcoin’s adoption by more retail investors will have a positive impact on the price.

Switzerland In an interview by CNBC during the “Crypto Finance” conference in Moritz, bitcoin’s current situation is not a surprise Gauthier said that and individual investors came to the fore;

The number of accounts holding Bitcoin is increasing compared to whales. Individual investors from all over the world trust bitcoin more and more as time goes on. It is the people who will raise the price.

made statements.

The number of addresses holding bitcoin is at an all-time high, according to data from on-chain provider Glassnode. 40 million located around. These data are usually that more individual investors are entering the sector and reveals that he owns bitcoin.

Stating that there are some altcoins that outperformed bitcoin last year, Gauthier said, He suggested that for some cryptocurrencies, this year is the year they will solidify their place. Solana’s with Ethereum is in a good position to compete told.

Also CEO:

A blockchain’s token is its security. The more expensive the token, the more secure the blockchain.

He stated that this is an unchangeable rule for blockchains.

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