Bitwise CEO Sees Bitcoin Supply Shock Ahead: ‘No One Will Sell at $150K’
Bitwise CEO Warns – Bitcoin (BTC) has reclaimed bullish momentum, surging past $110,000 after briefly dipping near $100,000 last week. Despite this upward trend, Bitwise CEO Hunter Horsley has flagged a lingering wave of retail selling, particularly from early Bitcoin whales who acquired the asset at low prices.
In a post on June 10, Horsley expressed concern over this behavior, suggesting that uncertainty around the $100K range may be prompting profit-taking. He argued that this selling trend might diminish once BTC reaches higher milestones like $130,000 to $150,000—levels that could convert short-term sellers into long-term holders (HODLers).
Institutional Demand Growing Amid Retail Hesitation
Bitwise had previously reported that more than 158,000 BTC were sold by individuals earlier this year, while institutional investors eagerly accumulated those holdings. Horsley believes that once retail investors stop selling, and institutional demand continues, a Bitcoin supply crunch will likely follow.
He predicts that, with fewer coins available for sale, demand will push prices even higher. “There’s simply not going to be enough Bitcoin,” Horsley noted, adding that future investors might need to borrow BTC from emerging lending platforms due to this impending scarcity.
Market Reaction Remains Mixed
While some in the crypto community agreed with Horsley’s outlook, others pushed back, arguing that there will always be sellers in a functioning market. Some suggested that reaching higher prices might actually trigger more profit-taking or diversification into altcoins. However, Horsley clarified that he expects sales to “peter off,” not vanish entirely.
Meanwhile, Bernstein, a leading brokerage firm, recently called $200,000 BTC in 2025 “conservative,” indicating that sentiment around Bitcoin’s long-term potential remains largely bullish.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
