The Wolf Of All Streets Bitcoin Price Just Set Another All-Time High, What's Next For Crypto?
12 snips
Jul 10, 2025 Markus Thielen, CEO of 10x Research, and Edan Yago, a Bitcoin expert since 2011, discuss Bitcoin's recent surge past $112,000 and the bullish outlook for a $133K target by September. They explore institutional buy patterns, the impact of ETF demand, and the psychological shifts affecting long-term holders. The duo also dives into innovative strategies for leveraging Ethereum and the dynamics of meme coins, revealing insights into investor sentiment and market trends.
AI Snips
Chapters
Transcript
Episode notes
BTC Market Dynamics: Old Vs New
- Long-term holders with large BTC wallets are selling, mainly old miners and early investors.
- Newer entrants like MicroStrategy and BlackRock's wallets between 100-1000 BTC are net buyers, balancing the market.
Early Holders Sell OTC for Privacy
- Early Bitcoin holders hesitate to sell on exchanges after years of hacks and volatility.
- OTC markets now offer privacy and convert BTC to massive fiat without exchange exposure, prompting early sellers.
In-Kind BTC Investments Avoid Taxes
- Selling BTC in-kind to treasury companies avoids taxable events, unlike direct selling.
- This creates a unique opportunity to maintain and even increase BTC holdings while accessing liquidity.