Bitcoin is moving towards $50,000, and about 28% of Doge crypto coins are located at the same address

Bitcoin is moving towards $50,000

Bloomberg analyst Mike McGlone published an article that says that the price of BTC is moving towards $50,000. This is apparently due to the fact that investors are withdrawing their funds from gold and investing their bitcoins.

“In a world going digital, it’s logical to expect more funds to flow toward Bitcoin and away from precious metals. Absent a major technology glitch, old-guard gold allocators are primarily at risk if the crypto becomes a reserve asset and Bitcoin as 1–5% of one’s investable assets becomes increasingly prudent, “ McGlone wrote.

A senior analyst at Bloomberg noted that the main cryptocurrency has strong support at around $30,000. Bitcoin is heading towards $50,000 due to “increased institutional acceptance and the ability to take the place of a global reserve asset.”

About 28% of Doge crypto coins are located at the same address

Anonymous cryptocurrency whale stores 36.8 billion Doge at its address. That’s about $ 1.68 billion.

Earlier, Elon Musk wrote that Doge could become his favorite crypto coin. Two months earlier, a new address appeared on the Dogecoin network, which has since concentrated a significant supply of tokens. This was noticed by users.

“Personally I don’t think it is all coincidence, but yes the evidence is by no means conclusive. Certainly a massive crypto whale of some sort. To own 20% of DOGE which has floated in the top 25–50 coins for years now, and doesn’t have an organization, VC, or DAO behind it, is very notable, ” wrote one of the users of the BitcoinTalk forum.

--

--

--

www.bestchange.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Colossus — The Path to Rhodes

Genji Gang announces up to $100,000 towards Canine Cartel Community

My Bitcoin(BTC) Price Prediction For 2021

Ranking the best in Bitcoin platforms

What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised…

Automated Triangular Arbitrage of Cryptos in 4 steps

Are you feeling Lucky today ?

GMT Tokens Based on Solana Increase 54 Percent, ZIL Sees $13 Million in Liquidations

GMT Tokens Based on Solana Increase 54 Percent, ZIL Sees $13 Million in Liquidations

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BestChange

BestChange

www.bestchange.com

More from Medium

Let’s talk about crypto investing!

Bitcoin Holds Support, Will the Levy Break?

Bitcoin Cash: A popular Cryptocurrency

Blockchain Development Company in UK