Bitwise CEO Hunter Horsley has predicted an impending Bitcoin scarcity, which he believes attaining the $150,000 price mark would contribute to.
Interest in Bitcoin is rallying, and so is its price. The asset crossed $110,000 on Tuesday, recovering extensively from its dip to near $100,000 in the previous week.
Nonetheless, Bitwise CEO Hunter Horsley identified a paper-handed disposition among some individuals holding Bitcoin. In a June 10 tweet, he highlighted this trend and suggested an event that could turn retail sellers into HODLers.
Some Individuals are Still Selling Bitcoin
Horsley shared that despite the accelerated interest from institutions, some individuals are still selling their Bitcoin. Specifically, he identified this sell trend among early whales that acquired the asset at very low prices.
Notably, an earlier Bitwise report had also highlighted this disposition. The report shared with The Crypto Basic shows that individuals sold over 158,000 BTC at the time of the publication, a stash that institutional investors have candidly accumulated.
Meanwhile, the Bitwise CEO suggested a possible reason behind these retail sell-offs: market uncertainty. His comments insinuate that Bitcoin hovering around $100,000 could be breeding mixed feelings, contributing to the profit-taking bias.
However, a massive price change could be the solution. Horsley stated that retail sales activity would likely peter off if Bitcoin continues to break new highs, specifically between $130,000 and $150,000.
He stressed that no one would want to sell their Bitcoin stash at that price, as they would likely HODL in anticipation of further upsides. From the current price of $109,527, an uptick to $130,000 or $150,000 would result in an 18.7% and 37% growth.
What Happens Next After $150,000
Once retail stops selling and institutional adoption sustains, Horsley projects a supply shock. According to his tweet, a tightening sell-off and persistent demand would make Bitcoin relatively scarce, further pushing prices higher.
The CEO noted that those looking to Bitcoin would have to borrow from lenders, which are growing in number due to the predicted scarcity. All these, he suggested, would set in once Bitcoin sparks fear of missing out (FOMO) by rallying to $150,000.
“There’s simply not going to be enough Bitcoin,” he stated, reiterating his confidence in an impending scarcity of the premier asset.
Crypto Community Shares Conflicting Opinion
Meanwhile, Horsley’s post has drawn reactions from the crypto community, most of which do not agree with his sentiments. Several reactions pointed out that there would always be sellers, or there would be no market. Some even suggested that a bigger price would spark more sell-offs or diversification into other cryptocurrencies.
Insane to see something like this coming from the CEO of an ETF issuer… "no one" means 0. That's just ridiculous. There is always someone buying and selling… otherwise there is no market. I am happy to bet you 10 million USD that there will be plenty of sellers at 150k, and… pic.twitter.com/VT4T3x0Zwq
— Dr. Julian Hosp (@julianhosp) June 11, 2025
Remarkably, Horsley’s “peter off” wording suggests a diminishing trend rather than an extension of Bitcoin sales in their entirety. Hence, the comments indicate a misunderstanding of his intended message.
Nonetheless, many have seen Bitcoin’s price at $150,000 as a bargain. Brokerage firm Bernstein recently called even a $200,000 price target this year conservative, suggesting further upside.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
