Looking at the crypto news, there is a lot of stuff going on with the crypto space back in the greens. It is a bullish sign, and there is a high chance that Bitcoin will be breaking an all-time high very soon. Temporary dips are possible; any breaking bad news can put the crypto space in a small dip. We have not had too many corrections yet, we have had some decent pullback, but overall, we may continue growing and climbing in the crypto space throughout 2021.
Miners hoard Bitcoin from record daily earnings; they are back in accumulating mode with five thousand BTC added to Bitcoin's unspent supply since the beginning of February. This is a very good sign, the miners are starting to hold Bitcoin, and they have higher price targets. Miners have a lot of upkeep and overhead that they have to spend money on, so they have to cash out Bitcoin. This is part of the process and expected; this is why many projects are switching over to proof of stake because mining takes many resources and overhead.
Bitcoin could be on the rise; many people are calling for new all-time highs for Bitcoin in April. Some experts suggest eighty thousand dollar Bitcoin, which would be great for the entire crypto space and the crypto space growing in general. Note that, whatever is good for Ethereum, Bitcoin, XRP, and all top cryptocurrencies is good for the entire crypto space, and the more mass adoption cryptocurrency will get.
Three times as many crypto figures make it onto Forbes 2021 billionaires list as last year. We have twelve crypto billionaires on the Forbes 2021 list. With cryptocurrency blowing up, there will be many billionaires entering this list.
Some interesting people have entered the billionaire list this year; Sam Bankman-Fried is a newcomer with a net worth of 8.7 billion from the FTX exchange. The Winklevoss Twins are also newcomers on the list with a net worth of three billion each. It is said that they own a total of one percent of Bitcoin together. Chris Larson, one of the co-founders of Ripple XRP with a net worth going from 2.6 billion to 3.4 billion over the past year.
Jeff McCaleb, also the co-founder of Ripple XRP but left it to create Stellar Lumens. He still owns a massive share of XRP and is in a contract to sell large amounts of XRP per day. Unfortunately, XRP is trickling into the market daily from this. Jeff McCaleb reportedly holds 3.4 billion XRP and 1 billion Stellar Lumens, adding up to a net worth of 2 billion dollars. With XRP over a dollar each, his net worth should now be between four to five billion dollars or even more.
Michael Saylor helped kick off this current bull market. He is the CEO of Microstrategy; they have been buying millions of dollars worth of Bitcoin. They got in early in 2020 and continued buying the dips throughout 2021, showing huge Bitcoin confidence.
