Bitwise CEO: The more Bitcoin breaks new highs, the less it will be sold, and liquidity shortages will boost prices

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On June 11, Bitwise CEO Hunter Horsley wrote that "I believe that once Bitcoin breaks through $130,000 to $150,000, no one will sell Bitcoin. Currently, Bitcoin's price is at $100,000, and early investors who bought at extremely low prices are conducting partial sales. Once Bitcoin breaks through this new level, this situation will gradually decrease. From that point on, when people need liquidity, they will increasingly need to borrow from holders. All of this will further drive price increases, and there simply won't be enough Bitcoins in circulation."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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