Data on-chain reveals a significant shift in the behavior of long-term Bitcoin holders, who have held their coins for at least 155 days. These holders have recently reversed the selling trend and are now rapidly accumulating BTC, absorbing nearly $8 billion in the past few weeks. According to CryptoQuant analyst Axel Adler Jr., long-term holders increased their supply by 126,000 BTC. This group sold their holdings between $74,000 and $68,000. Long-term holders are typically considered the foundation of BTC's price, with their confidence often balancing the volatility shown by short-term investors.

Optimistic VanEck Prediction for Bitcoin

The increase in accumulation coincided with Matthew Sigel, Head of Digital Asset Research, and Patrick Bush, Senior Investment Analyst (Digital Assets), at VanEck's digital asset research team, outlining a scenario where Bitcoin could reach $2.9 million per coin by 2050. This valuation model predicts Bitcoin will become a significant component of the International Monetary System, capturing a significant market share from four major currencies: the US dollar, Euro, Yen, and Pound Sterling. VanEck anticipates a 20% market share decline for these currencies, with the Chinese Renminbi, Bitcoin, emerging market currencies, and gold gaining that share. In this scenario, BTC is expected to capture 10% of cross-border payments and 5% of domestic trade. The model assumes that central banks will hold 2.5% of their assets in Bitcoin by 2050. Additionally, due to its store of value nature, 85% of the BTC supply is estimated to effectively be removed from circulation by long-term investors.

Robert Kiyosaki's Support

Successful author of the financial series Rich Dad Poor Dad, Robert Kiyosaki, recently suggested that Bitcoin, along with gold and silver, will see their prices rise when Trump becomes President again. Kiyosaki has long been a Bitcoin advocate, often highlighting its potential as a hedge against economic instability and fiat currency devaluation. Kiyosaki's bullish stance aligns with broader sentiment among Bitcoin enthusiasts and analysts who see a bright future for this crypto. The combination of increased accumulation by long-term holders and optimistic predictions from influential figures like Kiyosaki provides a positive outlook for the future of the leading cryptocurrency. As Bitcoin continues to gain traction, its role in the global financial system becomes increasingly evident. Growing BTC adoption by institutional investors and central banks can strengthen its position as a primary pillar in the modern financial landscape.