Bitcoin has seen an 11% correction in the last two weeks, with its price reaching as high as $58,000. However, it still has a long way to go to reach new all-time highs. 📉
According to Santiment, wallets holding less than 1 BTC are aggressively accumulating BTC, reaching the highest rate in the last 7 months. However, if large investors and ETFs buy more BTC, the price is expected to rise rapidly. 🚀
Japanese investment firm Metaplanet increased its BTC holdings by 38,464 BTC, bringing the total to 398,832 BTC. While the large purchases did not affect the price much, there are still hopes that BTC will gain value in the long term.
MicroStrategy co-founder Michael Saylor predicts that BTC will reach as much as $13 million in the next 20 years.