This post of mine from 10 months ago is aging well! $67K I’m the bag, and my prediction is for a BTC peak price this market cycle of ~$150K late Dec before a bear cycle starts 1st Quarter 2022 - which would be exactly midway between my $100-200K prediction 10 months ago if it comes to bear … or bull would be more appropriate lol!
It is not wise to draw conclusions based only on the part of the tweet you have read, because the second part explains why the number of such addresses has increased. If an address is presumed to be lost, the amount on it is important only in the context that because of that, all those coins in circulation may one day be worth more.
$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.
The market became optimistic with the approval of the first BTC ETF in the US, but that optimism quickly melted away when people realized it was a futures-based ETF. Although I keep reading that crypto exchanges have liquidity problems (the biggest since 2018), and that no one wants to sell even when we reach the new ATH, I wonder why then the price is falling instead of rising?
I'm not a pessimist, but I'm also wondering what could be the trigger for the price to reach $100k by the end of the year, because the market does not depend on magic and good fairies, but on good news and a lot of money to flow in the BTC direction.
There was definitely a case of "Buy the rumour, sell the news". There are a few more
ETF's being decided on very shortly also but yea the important one is that "spot" ETF
where the fund is not settled with FIAT.