No one will sell their Bitcoin once it taps $130K: Bitwise CEO

Key Points

  • Bitcoin sell pressure is expected to diminish once the price surpasses $130,000-$150,000, according to Bitwise CEO Hunter Horsley.
  • Current selling is primarily from early Bitcoin investors taking profits around the $100,000 mark, but this trend is predicted to fade at higher price levels.
  • Horsley suggests that future liquidity needs will be met through borrowing rather than selling, as Bitcoin holders seek alternatives to maintain their holdings.
  • Tightening Bitcoin supply is a growing concern, with industry leaders like Michael Saylor noting that limited daily availability could drive prices higher.
  • Bitcoin is currently trading at $108,698, close to its all-time high, with a 6.12% increase over the past 30 days.

Summary

Bitwise CEO Hunter Horsley predicts that Bitcoin selling will significantly decrease once its price exceeds $130,000-$150,000, as holders will be less inclined to part with their assets. Currently trading at $108,698, Bitcoin is near its all-time high, with sell pressure coming from early investors who bought at much lower prices and are now taking profits around the $100,000 level. Horsley believes this selling trend will taper off at higher price points. He also suggests that instead of selling, Bitcoin holders needing liquidity will turn to borrowing from an expanding pool of lenders, further tightening supply and potentially driving prices up. This view aligns with industry sentiments, including comments from Michael Saylor, who highlights the limited daily Bitcoin availability from miners—about $50 million worth—which could push prices higher if demand persists. Additionally, onchain data and OTC desk reports indicate a shrinking supply, reinforcing the notion of Bitcoin scarcity. Horsley’s outlook, supported by figures like Galaxy Digital’s Mike Novogratz, points to a bullish future for Bitcoin, with strong institutional interest and growing demand for digital assets potentially propelling it to new heights this year.

cointelegraph
June 12, 2025
Crypto
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