We Study Billionaires - The Investor’s Podcast Network BTC049: Willy Woo & Bitcoin On-Chain Data Analysis (Bitcoin Podcast)
Oct 27, 2021
Willy Woo, a renowned Bitcoin analyst celebrated for his on-chain data insights, joins the discussion. He delves into the super-cycle theory and its relevance to Bitcoin's future. The conversation touches on the significance of the Realized Market Cap and how it offers a clearer view of Bitcoin's value. Willy also explores the dynamics between short-term traders and long-term hodlers, discussing their distinct impacts on price movements. Additionally, he reveals his favorite chart and analyzes the reasons behind the summer consolidation.
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Scarcity over Demand/Supply
- Bitcoin's price is primarily driven by its scarcity, changing daily and most notably every four years with the halving.
- Scarcity, rather than demand and supply, is the key valuation factor, according to Willy Woo.
Evolving Bitcoin Ecosystem
- Bitcoin's ecosystem has evolved, with miners becoming public companies and holding coins, impacting supply.
- New selling pressures from futures exchanges and ETFs further complicate traditional supply-demand dynamics.
Changing Bitcoin Cycle
- The traditional four-year Bitcoin cycle, including a one-year bear market, is likely gone due to new market dynamics.
- Expect a more random price movement as Bitcoin approaches market saturation.