An anonymous whale that has over 7,000 BTC claimed in an interview with CCN that the Bitcoin prices will rise to $50,000 in at least three years, but the peak will materialize in five years.
The Bitcoin wale’s crypto holdings are worth $35 million USD, and let CCN in on some insights, suggesting that the Bitcoin price will rise over the $50,000 mark. This person has invested in Bitcoin in the first year, said in his statement:
“Before investing, I conducted a personal analysis of Bitcoin technology. I saw a great prospect for society in him and the financial system as a whole, which had already begun to change. We are still in the beginning and I see a huge potential in the cryptocurrency market and the blockchain technology.”
A Bull Market Return in 2019
The Bitcoin giant stated that the bull market return is either already here, or will be in the coming months, noting the increase in exchange and OTC trading:
“Bitcoin consolidation above the 200-day moving average and the approximation of halving are also bullish.”
Looking back at the golden cross achieved last month, bitcoin was trading at nearly $5,770.
Sure, all predictions must be taken with a pinch of salt, but the insights from people who made millions trading are the ones that should be noted, and this investor’s opinions on Bitcoin’s future price are worth taking into consideration:
“I think we will see $50,000 Bitcoin in the next three to five years.”
The most important cryptocurrency market participants are the whales, whose interest is to see the bitcoin price rise. Nonetheless, analysis of data from Chainanalysis shows that a large majority of whales are not active traders, noting that:
“They appear, in aggregate, to have stabilized the market during recent price declines, rather than exacerbating price movements. This makes sense since these trading whales are professionals with no vested interest in abruptly tanking the market.”
Long-term holders shouldn’t be bothered by the obstacles ahead in the cryptocurrency market, but those that buy bitcoin on margin or use excessive leverage will face problems.
