Valentin Fournier: “Mainers have started saving bitcoins”

Valentin Fournier is confident that traders will continue to invest in bitcoin based on positive statements from a number of politicians such as Donald Trump at the Bitcoin 2024 conference in Nashville, Tennessee:

According to a leading analyst, the behavior of miners indicates their confidence in bitcoin's long-term value and price growth.

The expert pointed to figures from the CryptoQuant platform, according to which the seven-day moving average of coin inflows into miners' wallets has risen sharply. Over the last week, they received more than 1,900 BTC, including coins received as a reward for mining and bought on the market.

Weakening sales from the bankrupt exchange MtGox, may lead to the bitcoin rate to show a new historical maximum in the short term, the expert believes.

Earlier at a hearing of the Committee on Banking, Housing and Urban Affairs of the U.S. Senate, Democratic Senator Elizabeth Warren (Elizabeth Warren) drew the attention of colleagues to the danger posed by foreign firms mining cryptocurrencies in the U.S. territory.