- Michael Saylor claims that all Bitcoin wallets are in profit; with this claim, he highlights Bitcoin’s long-term strength and recent price surge past $111,800.
- Analysts like Arthur Hayes and Peter Brandt predict that BTC price could climb to $125,000 and $200,000 in the coming months, signaling continued bullish momentum.
Bitcoin has recorded a new milestone, with reports suggesting that almost all ‘hodlers’ wallets are now in profit, a point that Michael Saylor, one of the top Bitcoin advocates, has used to reinforce his bullish stance. “No one has ever lost money,” he claimed, pointing to Bitcoin’s latest rise in price as proof of its long-term strength.
On Thursday the price of BTC hit a new all-time high, breaking past the $111,800. Earlier in the week, the price had fallen to $106,000 but quickly recovered, passing its old top of $109,200 on Wednesday and climbing close to $112,000.
On the 22nd of May, Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy), shared a post on X claiming that “No one has ever lost money buying BTC.” Crypto influencer Altcoin Daily agreed to the claims, saying that in Bitcoin’s 16-year history, all holders are now making a profit. Data from IntoTheBlock also supports this, showing that all 19.89 million BTC in tracked wallets are profitable, with a total value of $2.21 trillion.
Bitcoin Price Next Leg?
There have been different speculations regarding what price BTC would go to next. As recently recorded by Tronweekly, Arthur Hayes, another key figure in the crypto space, made a BTC prediction stating that Bitcoin must rise past its present rally of $110,000 with stronger trading activity and reach $150,000 to $200,000 for other altcoins to start gaining momentum.
Another BTC veteran analyst, Peter Brandt, shared his own prediction, saying that Bitcoin might reach between $125,000 and $150,000 within the next three months, which is roughly about 12.5% to 34.7% above its current levels. While he supports the recent highs and holds a positive position, he believes new records aren’t a big technical event. In his view, rising prices are normal during strong market trends.
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