It’s been just revealed that the number of Bitcoin addresses holding small BTC amounts grew substantially since the beginning of 2021.
The number of #Bitcoin addresses holding relatively small amounts, between 0.01 and 1 BTC, has grown by 710K since the start of the year with a big surge in April.@coinmetrics https://t.co/SSDdAtOxDN pic.twitter.com/UeIKokT9FJ
— unfolded. (@cryptounfolded) May 13, 2021
Bitcoin’s price fell today following the tweet of Elon Musk.
We revealed earlier today that Tesla CEO tweeted the following message:
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Crypto Twitter went ballistic following this tweet.
PlanB posted the following tweet:
So Elon never really understood #bitcoin, never understood proof-of-work. His Doge pump was a warning sign. His turning to other “crypto” is confirmation. No more Tesla for me. https://t.co/wPzE3eEF68
— PlanB (@100trillionUSD) May 12, 2021
Tone Vays also had something to say about Musk’s tweet:
— Tone Vays (#ActivateTaproot) (@ToneVays) May 12, 2021
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $48,590.19.
Strong hands are holding and buying the BTC dip
Regarding Musk’s tweet, Mike Novogratz has a different perspective of Musk’s tweet. Check it out below.
My take on @elonmusk is to take him at his word. He cares about the environment and he is using his considerable influence to push BTC mining towards a greener future. Lots of companies in the space have already been working on this. Stay tuned. And buy $BTC.
— Mike Novogratz (@novogratz) May 13, 2021
Strong hands are currently buying the dip and they don’t see Musk’s tweet and its effects as a tragedy. Stay tuned for more news and keep your eyes peeled on the crypto market.