Bitcoin has seen its largest accumulation wave since 2013 according to data from CryptoQuant, with whales reportedly acquiring 270,000 BTC in the past 30 days. In a separate interview, EMJ Capital founder Eric Johnson outlined a case for Bitcoin’s future as collateral and speculated its price could reach $50 million by 2041, also discussing Ethereum’s potential role with AI agents.
Bitcoin demand continues to grow, with its price and status as a safe haven asset increasing over the years. Expert Eric Johnson, founder of EMJ Capital, recently speculated Bitcoin could hit $50 million by 2041 based on its utility.
In an interview, Johnson stated “Bitcoin is the natural kind of pristine source of collateral in the future.” He believes institutions and family offices will borrow against it, driving exponential price growth. Regarding Ethereum, he suggested AI agents could use it as a settlement layer for transactions.
On-chain data indicates significant whale activity supporting the demand narrative. Wu Blockchain reported that whales have accumulated 270,000 BTC in the past 30 days.
This data, citing CryptoQuant, was described as the largest accumulation wave since 2013. Meanwhile, Bitcoin reserves on exchanges have reportedly fallen to their lowest level since December 2017.
