The head of crypto investment fund DTC Capital says the amount of bitcoin on ethereum’s blockchain will increase to $30 billion by the end of next year.
In a tweet published October 10, Noon predicted the amount of BTC on ethereum’s blockchain would increase twenty-fold by the end of 2021.
The investment fund head used data compiled from Duna Analytics to show there is currently 131,075 BTC ($1.5 billion) on ethereum’s blockchain, bringing his 2021 prediction close to $30 billion.
While Noon predicts greater bitcoin migration ahead, Messari founder Ryan Selkis thinks investors will be reluctant to part with their BTC.
In a tweet published October 10, Selkis commented on the “I’m never selling this” attitude that permeates much of the bitcoin investment community.
According to analytics frim DeFi Pulse, the amount of bitcoin locked into decentralized finance products has hit a new all-time high of $1.8 billion. Bitcoin investors have been flocking to ethereum-based tokens in order to participate in the DeFi boom, including the use of yield-farming lending protocols.
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