“Falling Bitcoin Exchange Balances Signal Strong Holder Sentiment As Bitcoin Hovers AROUND $ 94,000.”, – WRITE: www.coindesk.com
The Bull-Projection Figure, 60% More Than Is January 2024 Estimate, Reflects a 72% Compound Annual Growth Rate (CAGR) from Last December ThorUgh The End of 2030. The Base Case Case Case Case Case. The Base Case of 2030. Million – A 53% CAGR – While The Bear Case Projects $ 500,000, Equating To A 32% CAGR.
David Puell, an Analyst at the Cathie Wood-Led Investment Company, used A Model Based on Total Addressable Market and Projected Market Penetration Across Sectors. These Include Institute Investment, Bitcoin’s Role As “Digital Gold,” ITS Use As A HAVEN IN EMERGING MARKETS Bitcoin Network.
In November Last Year, Puell Targeted $ 104,000- $ 124,000 by Year-End. Bitcoin Ended December At $ 93.440 en Route to Hitting a Record High of $ 109,000 in January Before Slumping To Lows Around $ 74,500 Earlier Tih.
The raly real is Partly Driven by Declining Exchange Balans, WHICH INDICATE THAT MORE BTC IS BEING WITHDRAWN INTO PRIVATE WALLETS, A SIGN OF Long-Term Holding Behavior. Accorging to glassnode data, exchange-held btc has Fallen from Approximately 3 Million in November 2024 to 2.6 Million, Reinforcing The Growing Bullish Sentiment of the Arm.
Exchange Balance (Glassnode)
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin, Microstrategy (MSTR), and Semler Scientific (SMLR).
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