Hunter Horsley, CEO of Bitwise, predicts that Bitcoin selling will diminish significantly once its price exceeds $130,000. He notes that current selling is primarily from early investors cashing out around $100,000.
Horsley suggests that Bitcoin could reach between $130,000 and $150,000 this year, largely due to high institutional demand and supply tightening in the market.
The CEO highlights that long-term Bitcoin holders may opt for borrowing liquidity instead of selling, as they are currently enjoying substantial gains.
Leave a Reply