Martin Hiesboeck: Here’s Why Major Holders Are Massively Selling Bitcoin

According to the expert, investors are beginning to realize that the real revolution is not Bitcoin itself, but blockchain, which is now used almost everywhere. There are many other projects in the digital economy promising higher returns than the first cryptocurrency, which still lacks widespread real-world use, said Uphold’s head of research.

Hiesboeck noted that Bitcoin’s growth rate continues to slow, and the asset is no longer a high-yield instrument, being used mainly as a hedge against failures of traditional financial systems and fiat currencies.

The crypto market is becoming more mature with the introduction of exchange-traded funds (ETFs) for various cryptocurrencies. ETFs attract less volatile capital, helping to limit sharp price fluctuations and thereby moderate growth rates and capitalization, the analyst explained.

Earlier, economist Peter Schiff, known for promoting investments in gold, urged investors and traders to sell Bitcoin as soon as possible, while the first cryptocurrency remains above $100,000.

See also: "U.S. Fed Governor Discusses the Impact of Stablecoins on the Economy"

#Bitcoin (BTC)

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