strong buy
Bitcoin Could See Supply Freeze After $130,000 Threshold, Says Bitwise CEO
According to the CEO of Bitwise, once Bitcoin surpasses the price of $130,000, selling activity will cease entirely. This suggests a belief in a significant bullish momentum driving the cryptocurrency to new heights, implying an increasingly limited supply on the market as price levels rise beyond this threshold.
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AI Analysis
The statement from the Bitwise CEO indicates a bullish outlook on Bitcoin, emphasizing a potential market dynamic where sellers become scarce after a certain high price point. This perspective might b...
AI Recommendation
Investors should consider monitoring Bitcoin's price movements closely as it approaches the $130,000 target, given the possibility of reduced sell-side activity. Entering or increasing positions befor...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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