The number of investors controlling at least 10,000 bitcoins has grown to a maximum
Large investors, often referred to as "cryptokits", continue to actively buy bitcoins. Santiment analysts drew attention to the preservation of the trend for long-term storage of digital currency.
On Twitter, they provided data that suggests that the number of so-called "bitcoin whales" has reached its highest level in 2020.
Currently, 111 investors hold at least 10,000 BTC in their wallets. Given the current bitcoin rate ($ 15,900), each of the "whales" controls the cryptocurrency in the amount of $ 159 million.
The growth in the number of holders of at least 1000 BTC indicates that in the camp of large players the point of view dominates that the largest cryptocurrency will rise in price in the long term. More and more investors are beginning to view bitcoin as digital gold and an effective tool to protect capital from inflation.
Bloomberg analyst Mike McGlone recently tweeted that BTC is becoming less reliant on the stock market. This trend leads to an even greater strengthening of the fundamental positions of the cryptocurrency.
The strategist believes that Bitcoin will be able to reach $ 20,000 by the end of this year.