Udi Valueheimer, a crypto-commentator, explains in an exclusive interview to Cointelegraph a provocative hypothesis: In the past five years, institutional buyers have quietly bought out older Bitcoin.BTC) holders — and it’s reshaping the market in a way few have appreciated.
“For the last five years, they’ve been buying out old holders of Bitcoin,” Udi explains. “Both kind of old Bitcoin maxis, but also… people who always had some portion of Bitcoin and have been selling it over time to get into ETH (ETHSolanaSOL“, or anything else.”
Those buyers who are buying now, however, are not flippers. “forced buyers.” Udi cites Michael Saylor’s Strategy in particular as an example. “If Saylor stops buying Bitcoin for a sustained period of time, his company loses all of its value… he has to keep coming up with more new, original ways to raise capital to buy Bitcoin.”
Udi declares that the situation is unprecedented. “Bitcoin in the past had many instances of forced sellers… This is the first time that we have a forced buyer — structural, forced buyer — who has to buy no matter what.”
It’s a result of this, says he, that we have become enslaved. “at the very tail end of old holders rotating out” The supply crisis is threatening to explode. “Wall Street bought all of our Bitcoin. We didn’t notice.”
Udi floated even a target price that might sound crazy now, but soon be tame. “I think 400K is conservative.”
The exclusive Cointelegraph interviews is full of insight that challenges mainstream thinking on crypto.
Watch the full conversation Listen to Udi’s entire argument, including why he feels the next Bitcoin rally will leave many crypto-natives out.
Magazine: Growing numbers of users are taking LSD with ChatGPT
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
