Bitwise CEO: The Higher Bitcoin Breaks Through New Highs, the Less Selling Pressure; Liquidity Shortage Will Propel Prices Up

BlockBeats reports that on June 11, Bitwise CEO Hunter Horsley stated in a post, "I believe that once Bitcoin surpasses $1.3 to $1.5 million, no one will sell Bitcoin anymore. Currently, with Bitcoin priced at $100,000, early investors who bought at extremely low prices are engaging in partial sell-offs. Once Bitcoin reaches a new level, this activity will gradually decrease. From that point on, when people need liquidity, they will increasingly have to borrow from holders. All of this will further drive the price upward, as there simply won’t be enough Bitcoin available for circulation."