Founder of a Binance-Listed Altcoin Responds to the Claim That “Cryptocurrencies Are Dead”

Maple Finance founder Sidney Powell assessed the “silent exodus” from the markets, the movements of Bitcoin whales, and the future of the cryptocurrency sector.

According to Powell, crypto is “not dead,” but rather undergoing a transformation and becoming a part of mainstream finance.

The recent sharp price movements in the cryptocurrency markets and the activity in large wallets have raised the question of “Is crypto dead?” among investors. Maple Finance founder Sidney Powell, in a broadcast he participated in, analyzed this provocative claim, arguing that the sector has transformed from a “subculture” into a massive financial infrastructure.

Powell stated that the claim that “crypto is dead” doesn’t actually mean the sector is dying, but rather maturing. According to Powell, crypto is no longer just a self-contained world; it’s becoming a technology integrated into every field, from payments and banking to gaming and prediction markets.

“People will simply want to send money; they won’t care which network or stablecoin is being used in the background,” Powell argued, claiming this is critical for mass adoption.

Powell also touched upon the “silent migration” that underlies the selling pressure in the markets, stating that approximately $300 billion worth of long-dormant whale wallets will become active starting in early 2025. He explained that these coins are being moved to exchanges and sold, and listed the reasons for this movement as follows:

• Individual whales are being replaced by institutions moving their assets into ETFs.
• Long-held assets are being converted into cash and passed on to future generations.

According to Powell, the tokenization move by DTCC (Depository Trust & Clearing Corporation), one of the largest clearing houses in the financial world, is a huge milestone for the sector. Transactions that DTCC will conduct through the Canton Network could open the doors to a volume of $100 trillion in the crypto world. However, Powell is cautious about claims that this transition will be completed within two years, predicting that the real change will be spread over a period of 5 to 10 years.

Powell expressed “quiet optimism” for 2026. He estimates that with improving macroeconomic data and the implementation of expected regulatory changes in the US, such as the Clarity Act, Bitcoin could reach the $150,000 to $200,000 range.

*This is not investment advice.