Bitwise CEO: "If Bitcoin Surges to $130,000–$150,000, No One Will Sell"

JH Kim

Summary

The Bitwise CEO expects that selling pressure on Bitcoin will ease if it surpasses the $130,000–$150,000 range.
Currently, near $100,000, some individuals who bought at lower prices in the past are engaging in partial selling.
He noted there may be a Bitcoin shortage, which could further accelerate its price increase.

Bitwise, a digital asset (cryptocurrency) asset management firm, CEO Hunter Horsley stated that "if Bitcoin (BTC) breaks through the $130,000–$150,000 range, no one will be willing to sell their Bitcoin."

On the 10th (local time), through his X (formerly Twitter) account, he remarked, "Currently, near the $100,000 level, it appears that some individuals who acquired Bitcoin at much lower historical prices are selling off in large amounts," adding, "However, when Bitcoin breaks through to a new price level, such selling pressure should subside."

He further explained, "Investors who need liquidity will obtain funds through lenders and continue to invest in Bitcoin," emphasizing, "This will accelerate price increases and may ultimately result in a Bitcoin shortage in the market."

Meanwhile, as of 02:50 on the 11th, Bitcoin is trading at $108,726.84 on the Binance Tether (USDT) market, up 0.34% from the previous day.

BTC