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Willy Woo Sells Bitcoins to Invest in Companies in the Ecosystem
The renowned market analyst Willy Woo announced the sale of all his Bitcoins, justifying the decision by the existence of better investment opportunities in companies linked to Bitcoin, rather than other cryptocurrencies. According to Woo, the next decade will be "unprecedented" for the Bitcoin infrastructure industry.
This change in strategy may explain the absence of an "altcoin season," as investors would be reinvesting their Bitcoin profits into companies within the ecosystem. Although he advocates for self-custody and "hodling," Woo sees large whales (large holders of crypto assets) as a risk, making gradual sales at price peaks something positive.
He himself, despite not considering himself a whale, opted to reallocate his concentration of Bitcoin to invest in "shovels and pickaxes," meaning in the companies that provide infrastructure and services for Bitcoin. This movement is already being observed in other major players in the market, such as Tether, which in addition to its Bitcoin accumulation company (Twenty One Capital), plans to become the largest BTC miner in the world.