In an unique interview with Cointelegraph, crypto commentator Udi Wertheimer lays out a provocative thesis: Over the past 5 years, establishments have been quietly shopping for out outdated Bitcoin (BTC) holders — and it’s reshaping the market in a means few have appreciated.
“For the final 5 years, they’ve been shopping for out outdated holders of Bitcoin,” Udi explains. “Each sort of outdated Bitcoin maxis, but additionally… individuals who at all times had some portion of Bitcoin and have been promoting it over time to get into ETH (ETH) or Solana (SOL) or no matter.”
These new patrons aren’t flippers, they’re “compelled patrons.” Udi factors to Michael Saylor’s Technique 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 preserve developing with extra new, unique methods to elevate capital to purchase Bitcoin.”
This, Udi says, is unprecedented. “Bitcoin prior to now had many situations of compelled sellers… That is the primary time that now we have a compelled purchaser — structural, compelled purchaser — who has to purchase it doesn’t matter what.”
The outcome, he argues, is that we’re “on the very tail finish of outdated holders rotating out” and heading towards a provide crunch that would ignite explosive strikes. “Wall Road 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 feel 400K is conservative.”
From Ether’s new treasury firms to the fragility of leveraged gamers, this unique Cointelegraph interview is full of insights that problem mainstream crypto considering.
Watch the full conversation to hear Udi’s full case, and why he thinks the subsequent Bitcoin rally might go away crypto-natives on the sidelines.
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