‘Indestructible Bitcoin’ Tweet Issued by Jeremie Davinci as BTC Seeks to Regain $70,000

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As a seasoned crypto investor with memories of buying my first Bitcoins when they were still worth mere pennies, Jeremie Davinci’s tweet serves as a reminder of the profound belief we share in Bitcoin’s potential. His statement, “Truth is indestructible. #Bitcoin,” can be interpreted in numerous ways, but to me, it resonates with the unyielding nature of the 21 million supply, making it scarce and valuable like digital gold.

Jeremie Da Vinci, a pioneer Bitcoin investor and influential member of the cryptocurrency world, expressed his unwavering faith in Bitcoin by posting a tweet on social media platform X (commonly known as Twitter in the past).

Davinci posted a tweet open to multiple interpretations: “Truth stands firm.” This could relate to the fixed total of 21 million Bitcoins, or it might refer to broader, less tangible ideas like Bitcoin’s status as an innovative and beloved concept among its supporters.

Truth is indestructible.#Bitcoin

— Davinci Jeremie (@Davincij15) November 4, 2024

This tweet triggered bullish comments from Davinci’s followers, who support the world’s flagship digital currency, Bitcoin.

For the last 24 hours, Bitcoin has been fluctuating around the $69,000 mark. However, in just the past hour, it dropped to the $68,300 area, resulting in a 1.33% decline over the day. On a more extended timeline, it has decreased by 7.26% since October 29th, which was when it nearly reached its high of $74,000 price point.

Whales are buying Bitcoin on dip

According to U.Today’s report, Whale Alert disclosed a significant Bitcoin transfer from Bybit, a major cryptocurrency exchange. An unidentified whale transferred 2,000 BTC, presumably to a cold wallet. This quantity of crypto was equivalent to approximately $137 million. Currently, this whale owns an astounding 51,710 BTC valued at around $3.6 billion.

A data provider called Lookonchain has reported multiple significant Bitcoin purchases on Binance exchange from November 1st onwards. In total, five separate wallets bought 2,780 Bitcoins in the following amounts: 880 Bitcoin, 615 Bitcoin, 595 Bitcoin, 550 Bitcoin, and 140 Bitcoin.

As a crypto investor, I’ve made five purchases, and surprisingly, four of them were below the $70,000 mark. The current massive Bitcoin plunge can be traced back to the market’s uncertainty as U.S. Election Day looms closer. It seems like many inexperienced investors, often referred to as ‘weak hands,’ are dumping their Bitcoins. However, the seasoned crypto holders, known as ‘diamond hands,’ are seizing this opportunity to buy BTC at a reduced price from them.

A number of financial experts anticipate an impressive surge in Bitcoin’s value next year. One of these experts is Robert Kiyosaki, famous for writing “Rich Dad Poor Dad” about personal financial planning. Recently, he expressed his fondness for the concept of “The Bitcoin Standard.

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2024-11-04 19:50