Bitcoin Belief Strongly Echoed by Early Investor

Jeremie Davinci, an early Bitcoin investor and notable figure in the crypto community, recently expressed his unwavering belief in Bitcoin via a tweet on platform X (formerly Twitter).

Davinci’s tweet, "Truth is indestructible. #Bitcoin," can be interpreted in various ways, potentially alluding to the limited supply of 21 million Bitcoins or the broader concept of Bitcoin as an innovative idea. This prompted enthusiastic responses from his followers who support Bitcoin.

In the last 24 hours, Bitcoin has fluctuated between the $69,000 mark and recently dipped to $68,300, reflecting a 1.33% loss over the day. More broadly, Bitcoin has seen a decline of 7.26% since October 29, following a previous high near $74,000.

Whale Activity

Recent reports from crypto tracking platform Whale Alert highlighted a significant Bitcoin withdrawal from Bybit, with an anonymous whale transferring 2,000 BTC (worth approximately $137 million) to a cold storage address. This individual currently possesses 51,710 BTC valued at around $3.57 billion.

On November 1, on-chain data provider Lookonchain documented notable Bitcoin purchases on the Binance exchange, totaling 2,780 BTC across five wallets, primarily below the $70,000 mark. These transactions seem to coincide with market uncertainty as the U.S. Election Day approaches, prompting some traders to sell, while those labeled as “diamond hands” are seizing discounted Bitcoin opportunities.

Experts, including Robert Kiyosaki of “Rich Dad Poor Dad” fame, predict a significant rise in Bitcoin's value next year, expressing confidence in the cryptocurrency’s future.

The original article was published on U.Today.