Bitcoin Holder Count Experiences Significant Decline

Significant Decline in Cryptocurrency Wallets Noted by Santiment

Popular on-chain data aggregator Santiment has observed a considerable decrease in the number of cryptocurrency wallets holding at least one full unit of Bitcoin.

Aggressive Sell-Off by Bitcoin Holders

Santiment analysts have reported that this significant metric has been on a steep decline, as traders seem to doubt that Bitcoin, the leading cryptocurrency, will achieve a new all-time high this year. Currently, many believe it will not surpass its historic peak of $73,750, reached on March 14. However, Santiment noted that large sell-offs like this could increase the likelihood of a Bitcoin rebound in the future.

Currently, the total number of Bitcoin holders has plummeted by 672,510 compared to last month.

Bitcoin’s $1 Million Prediction and Time Frame

In related news, prominent Bitcoin advocate and CEO of Jan3, Samson Mow, has reiterated his bold prediction that Bitcoin could soar to a staggering $1 million. He also provided an approximate timeframe for this dramatic price surge, suggesting it may occur within the next year.

Mow believes that once Bitcoin hits the $100,000 mark, a substantial bull run will take off, leading to this historic price point. His statements aim to reassure retail investors that Bitcoin’s potential is far from over.

Additionally, Bitcoin enthusiast Michael Saylor, co-founder and executive chairman of MicroStrategy, which is the largest corporate holder of Bitcoin, recently expressed excitement about Bitcoin’s future on social media, saying, "Bitcoin to The Moon."

As of now, Bitcoin is trading at $64,894.