Bitwise Asset Management CEO Hunter Horsley has made a bold prediction: after Bitcoin hits the $130,000-$150,000 mark, very few holders will be prepared to sell. Instead, he says that investors will borrow more against their holdings instead of selling them.
This may greatly restrict the amount of money in circulation and drive prices even higher.
"I think once Bitcoin breaks through, e.g., $ 130-150k, no one is going to sell their Bitcoin. And from there on, when people need liquidity, they are going to borrow from an ever‑growing set of lenders," Horsley stated.
Horsley's reasoning is in line with a growing trend in the crypto world: the emergence of loans secured by Bitcoin. As the asset develops and its price goes up, a lot of long-term investors may start to see it less as a trading asset and more like digital gold, something to keep forever.
It is now easier to invest because more banks and other financial institutions will accept Bitcoin as security. Horsley says that the urge to sell will go down once BTC reaches new highs, notably between $130,000 and $150,000.
Instead, holders will look for liquidity through loans, which will secure their profits while still meeting their financial demands. He thinks that this change in behavior will make Bitcoin harder to find on the market, which will drive prices up and maybe start another bullish wave.
According to Glassnode, a blockchain analytics platform, long-term holders are making about $930 million in profits every day. This is much less than the $1.64 billion peak that was seen in past market surges.
The platform also shows important support and resistance levels, with resistance at $115,000 and support at $97,600. If Bitcoin stays above these levels, people are likely to be positive about it.
If demand keeps going up and more people choose to invest instead of sell, the market could experience what Horsley calls a "supply shock." Bitcoin's next price cycle could be defined by scarcity, as there are fewer coins available for sale.
This attitude is heavily influenced by institutional acceptance. When big banks and funds add crypto-backed financial products, they make borrowing safer and more tempting. This infrastructure backs up the long-term bullish case that Horsley makes.
In short, Bitcoin's goal is to reach new all-time highs. If people start borrowing instead of selling, it might change the way the market works in a big way, turning Bitcoin from a traded asset into a valuable store of wealth that is becoming harder to find.
Reference from News: Bitwise CEO Says No One Will Sell Bitcoin Once It Tops $130K-$150K