Bitcoin Whales Are Multiplying At A Rapid Rate – Big Players Bet On BTC

It’s been just revealed that the crypto analytics company Santiment revealed that big players are snooping up BTC as the number of whales hits new ATH.

The firm said that the number of whales who hold a minimum of 1,000 BTC broke records earlier this week.

Sentiment also said:

According to the online publication the Daily Hodl, crypto exchange Krakeer highlighted Santiment’s conclusions and said that the number of BTC whales shows that the king coin has more upside potential.

“Additional whale accumulation and outflows off exchanges amid BTC’s parabolic climb indicates that well-capitalized market participants believe BTC has incremental upside in the near-term despite the move into uncharted waters.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $40,870.41.

Bitcoin is on its way to new heights

In other recent news, the founder and CEO of Social Capital said in a new CNBC interview that Bitcoin is on its way to new heights as people start to realize that Bitcoin can offer them insurance in a politically and economically unstable society.

“Can you play the clip in 2012 and 2013 when it was at $200, and everybody was laughing at me on CNBC every time I would talk about Bitcoin? Where is it going? It’s probably going to $100,000, then $150,000 then $200,000.”

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