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.”
The new buyers of the property are not flippers. “forced buyers.” Udi gives Michael Saylor’s Strategy by Michael Saylor as the best 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 claims that this 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.”
He argues that the result is we aren’t. “at the very tail end of old holders rotating out” And heading towards a shortage of supplies that could spark explosive movements. “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.”
This exclusive Cointelegraph Interview is full of insights challenging mainstream crypto thinking. From Ether’s new Treasury Companies to the fragility and leverage of players.
Watch the full conversation Listen to Udi’s entire argument, including why he feels the next Bitcoin rally will leave many crypto-natives out.
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Source: cointelegraph.com
