You know what, not just you, but the whales have been buying. Retail whales buying, well at least a smart retail, I should say. But the whales are definitely buying, and you can see the holders have increased.
Okay, these are the whales, uh, increased their holdings by 4,177 Bitcoin in the last seven days, that's 280 million. You know, I sometimes talk about volatility, like who's causing it, you know, you sometimes just don't know, but you look at who benefits the most, right? That's rule number one when it comes to detective work, who benefits from the crime.
So who benefits from a large crash like yesterday, a sudden crash? Well, people that want to accumulate, right? People that want to accumulate by hundreds of millions of dollars. That's why I always say, like whales and market makers, you know, they include exchanges and firms, and also, of course, we've got Mr. Larry 'thinkink'. Who benefits tremendously from a crash is Tesla buying Bitcoin again.
Now Tesla and Bitcoin have had a rocky history, let's just say, because Elon back in the day was very pro Bitcoin. He announced he was buying $1.5 billion of Bitcoin which sat there for like a year or so. Then he decided to sell off a little bit because he said he wanted to test to see how the market would react, and the market ate it up, and then he sold a large portion of it because he was afraid he needed cash, right? But still, he holds a little amount and we have people that track the wallets.
So Arkham does track the wallet that Tesla has their Bitcoin in, right? Right now it's worth 771 million which is still a lot. Had they not sold the original $1.5 billion worth it would be like probably four or five six billion right now, okay? But still the little amount that they kept is worth 771 million.
Now here's the thing, of course, if you look at the right side here, the balance history, it's going to show it go up because the price of Bitcoin obviously has been going up. But that's not what people are looking at, they're looking at this, okay? This number right here, the 11,000 Bitcoin that they hold went up by 1789.
So last time they reported their holdings during their quarterly, they said they had 9,720 Bitcoin, now it's up to 1159. So people are wondering is this an accounting error? I don't think there could be an accounting error like a $100 million accounting error like, 'oh we missed 1,800 Bitcoin we better add it in'.
So there's a possibility it's a counting error which I think it's unlikely. They have hundreds of people that's double-checking this. Or it could be that they started accumulating once again. That's a lot, that's $100 million worth of Bitcoin, and they may be reporting it in the next quarterly earnings report or quarterly call which will be absolutely crazy. Tesla needs it, okay? Right now their stock is just not doing good, EVs overall not doing good.
But you know what, if Elon and Tesla get back with Bitcoin, they go ride this wave up and really Elon understands, he knows money, he knows you're not supposed to keep it, it just inflates, he knows all this. I don't know why he was so anti, I don't know he, he was pro and turned anti.
And here's the thing too, BlackRock is a big shareholder of Tesla as well, seeing how Larry wants as many as he can, maybe he's been calling Elon saying, 'Hey, maybe, uh, you should buy some Bitcoin or buy some Bitcoin ETFs offered by BlackRock, I don't know'.
Here's why I think we will go higher because we have too many faithful bitcoiners, we have way too many that will continue to load up. Forever, guys like Michael or Michael Saylor from MicroStrategy. Remember just yesterday he announced or maybe it was this morning, maybe it's this morning, he announced that he was going to raise 600 million more to buy Bitcoin.
And Jim Cramer was trying to poke fun at Michael Saylor. Jim Cramer basically made it sound like Bitcoin is at top, it's not going to go up anymore and Michael Saylor is a big reason why we have this top signal, as if inverse Cramer isn't the ultimate signal every time Kramer talks about Bitcoin going lower or it's going to be done, it's hard to overcome, it's not going to come back up, 'I'm bearish on bitcoin', that's when the market flips upwards.
So it's kind the ironing there. I don't even have the clip, um, but we got like sailor that will not give up and they will continue to buy and we have the ETFs they will continue to buy because institutions are buying and we have the long-term holders that will continue to buy because of the holders Bitcoin will recover and form a new high and will continue to do so many many many times in this year.
Mike Novogratz CEO of Galaxy Digital thinks that Bitcoin will hit 100,000 this year. He stopped making predictions back in 2017. He was making a lot of bold predictions, was wrong, so then he learned from mistakes. So 2018, 19, 20121 he really didn't make any predictions. 2022, 2023, nope. Now in 2023, 2024 he's saying it will hit 100,000 this year. I mean considering we were already at 69,000 is it really far-fetched to think that we could go up another 30,000 by the end of the year? No, not far-fetched at all. In fact, we may hit a 100,000 by the halving event, okay?
So that still leaves like eight months left for this year. Robert Kiyosaki, you know, normally he only tweets, well he tweets about destruction of the, you know, the government and Banks, but he also always tweets about like gold and silver and he throws Bitcoin in last but this is just a specific Bitcoin tweet. Bitcoin on fire. The biggest mistake you can make is procrastinate. Important to start even if only for $500. Next top 300,000 Bitcoin in 2024. So yeah, I don't know, 300,000 in 2024, uh, maybe in 20125 but 2024 a little bit too bullish but then again if we hit $100,000 by having an event maybe we hit 150,000 by summer, maybe we hit 200,000 by end of the year. I don't know, again we will be in unknown territory after we hit all-time high.