Willy Woo, a celebrated Bitcoin analyst, has repeatedly argued that Bitcoin's slow price growth is attributable to
'OG whales', or original Bitcoin holders frequently selling. This has also, according to Woo, slowed Bitcoin's quest for global reserve status, given that the currency will require significant capital inflows to compete with global stalwarts such as gold and the USD. Undeterred by these bearings, Woo has spoken highly of Bitcoin's long-term potential and the perfect asset to bet on for the next millennium, even while acknowledging its growth impediments.
The
WOO Network, a digital asset platform, has hit a few snags, including a $14 million hack that resulted in suspended withdrawals. Despite setbacks, the network has continued with operations such as the
February token burn and organizing an AMA session on Discord. A notable development on the WOO X platform is the introduction of 'George AI', a AI-powered trader on its copy trade app.
Moreover, aggressive
altcoin seasons are expected to weaken in the future, predicted Woo. As for Bitcoin, Woo opined that a 20-year outperformance is foreseeable. Woo further forecasted a waning in altcoin seasons. WOO X claims to have achieved a first by offering tokenized Treasury Bills for retail investors. The
WOO Network's liquidity received a boost following a $9 million influx.
In the long run, Woo anticipates Bitcoin's market cap to reach global GDP levels and Bitcoin itself to hit the $1 million mark by 2035, driven by $2 trillion inflows from asset manager investments.
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