Bitcoin (BTC) miners’ unspent supply nears ATH

Despite the crypto market’s current state with its OG Bitcoin floating in the $46k bracket, Bitcoin miners have proceeded to keep their BTC. According to Glassnode’s latest data, Bitcoin miners’ unspent supply is only 500 BTC lower than the all-time high.

Miners gained these coins as rewards for solving stock-related problems.However, these rewarded Bitcoins have never been used on-chain by the miners. While the rest on the market is hoping to sell immediately there is a hike in price, Bitcoin miners may have different plans. A lot of them have strong convictions that the market would hike again shortly.

The worldwide crypto market cap is currently standing at $2.17T, with a 2.55 percent drop over the last day along with the total crypto market volume reaching $79.80B, i.e, a 1.84 percentage increase within the last 24 hours.

The crypto market’s bigwig, Bitcoin has displayed a downward chart every time the bulls showed minor signs of recovery. Recently, Bitcoin was trading roughly above $46k with over a 5 percent drop in the past week and a decreased market dominance of 40.53 percent.

Is this an opportunity to invest or another Bitcoin crash?

Experts in cryptocurrency and long-term investors are expecting that Bitcoin goes as low as $40k. The previous week, Kraken’s chief adviser, Jess Powell assumed that amid the crash of the US dollar, Bitcoin will equally experience a deep fall in the coming year. In an interview with Bloomberg, he stated that the green bill could go to zero while Bitcoin could equally go below $40k. 

Nonetheless, as he was recommending to take on excess US dollar debt given negative interest rates, Powell advised investors to take advantage of the Bitcoin fall and accumulate as much as they can.

Recently, comments by Rich Dad Poor Dad author, Robert Kiyosaki’s prediction about the biggest upcoming crash for Bitcoin and the Stock market were duly noted. Mr. Kiyosaki suggested that Fake Inflation will trigger the crash but he advised investors to treat it as an opportunity to invest even more with his convictions that the market will turn green again after the Fake Inflation crashes.

Therefore, in answering the question above, it is an opportunity to invest more as Crypto experts have given their possible realizations on the crypto market. This could mean even more dip soon, but a great hike shortly. Investors can only be patient and watch prices keenly.