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.