In an unique interview with Cointelegraph, crypto commentator Udi Wertheimer lays out a provocative thesis: Over the final 5 years, establishments have been quietly shopping for out previous Bitcoin (BTC) holders — and it’s reshaping the market in a method few have appreciated.
“For the final 5 years, they’ve been shopping for out previous holders of Bitcoin,” Udi explains. “Both type of previous Bitcoin maxis, but additionally… individuals who all the time had some portion of Bitcoin and have been promoting it over time to get into ETH (ETH) or Solana (SOL) or no matter.”
Those new patrons aren’t flippers, they’re “pressured patrons.” Udi factors to Michael Saylor’s Strategy because the prime instance: “If Saylor stops shopping for Bitcoin for a sustained time frame, his firm loses all of its worth… he has to maintain arising with extra new, authentic methods to boost capital to purchase Bitcoin.”
This, Udi says, is unprecedented. “Bitcoin up to now had many cases of pressured sellers… This is the primary time that we’ve a pressured purchaser — structural, pressured purchaser — who has to purchase it doesn’t matter what.”
The end result, he argues, is that we’re “on the very tail finish of previous holders rotating out” and heading towards a provide crunch that would ignite explosive strikes. “Wall Street purchased all of our Bitcoin. We didn’t discover.”
Udi even floats a value goal that sounds insane now however may quickly really feel tame: “I believe 400K is conservative.”
From Ether’s new treasury corporations to the fragility of leveraged gamers, this unique Cointelegraph interview is full of insights that problem mainstream crypto pondering.
Watch the total dialog to listen to Udi’s full case, and why he thinks the subsequent Bitcoin rally might depart crypto-natives on the sidelines.
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