Bitwise CEO Predicts Bitcoin Will Surpass $1.5 Million, Halting Sell-Offs and Driving Price Surge

Bitwise CEO Hunter Horsley recently shared insights on Bitcoin’s potential market dynamics as prices approach unprecedented highs. Horsley emphasized that once Bitcoin attains a valuation between $1.3 million and $1.5 million, the typical selling pressure from early investors is expected to diminish significantly. At the current price point of around $100,000, some early adopters are still partially liquidating their holdings, but this trend is projected to taper off as the asset appreciates. This shift could lead to increased demand for liquidity through borrowing rather than selling, thereby tightening Bitcoin’s circulating supply. Such a scenario may contribute to sustained upward price momentum, driven by scarcity and heightened demand from market participants seeking to leverage their positions without relinquishing ownership. This perspective underscores the evolving nature of Bitcoin’s market behavior as it matures and gains broader institutional adoption.