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 previous Bitcoin (BTC) holders — and it’s reshaping the market in a approach few have appreciated.
“For the final 5 years, they’ve been shopping for out previous holders of Bitcoin,” Udi explains. “Each type of previous Bitcoin maxis, but in addition… 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 “pressured patrons.” Udi factors to Michael Saylor’s Technique because the prime instance: “If Saylor stops shopping for Bitcoin for a sustained time period, his firm loses all of its worth… he has to maintain arising with extra new, unique methods to lift capital to purchase Bitcoin.”
This, Udi says, is unprecedented. “Bitcoin up to now had many situations of pressured sellers… That is the primary time that we now have 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 might ignite explosive strikes. “Wall Road purchased all of our Bitcoin. We didn’t discover.”
Udi even floats a worth goal that sounds insane now however may quickly really feel tame: “I believe 400K is conservative.”
From Ether’s new treasury firms to the fragility of leveraged gamers, this unique Cointelegraph interview is filled with insights that problem mainstream crypto pondering.
Watch the complete dialog to listen to Udi’s full case, and why he thinks the following Bitcoin rally might depart crypto-natives on the sidelines.
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