Renowned crypto analyst, Willy Woo, has urged Bitcoin holders to move from Taproot, citing potential threats from quantum computers. Woo believes that SegWit use could protect Bitcoin in the quantum computing era. He also dispelled fears of Bitcoin liquidation risk under future bear market strategies.
Despite recent hacking incidents involving WOO X that led to loss of over $14 million in customer's digital assets, Woo maintains optimism in the crypto space. He points out Bitcoin's resilience and suggests Bitcoin won't be sold to cover debt in future downturns, seeing BTC as a 'perfect asset' requiring more capital flows.
Woo has revised the Bitcoin price target, predicting it could soar to $160,000. He also suggested that Bitcoin market cap will reach global GDP levels in near future, and exchanges like Woo X continue to innovate, recently adding AI-powered trader 'George AI' to its copy trade app.
In contrast to bullish predictions, he also warned of potential risks, highlighting Bitcoin liquidity risks for Strike users. Some concerns arise as so-called Bitcoin OG whales slow price growth with heavy selling.
Around funding, Binance Labs announced a $12 million investment encouraging WOO Network's growth, boosting the liquidity of WOO X exchange. A rumored 'suspicious' wallet is said to have dumped $1.8M of WOO tokens, resulting in a brief price drop.
Last, Woo Network, despite the challenges and setbacks, continues expanding its platform with novel features like token burn events and anime-style NFTs to boost DeFi.
WOO Coin News Analytics from Sun, 30 Sep 2018 07:00:00 GMT to Wed, 12 Nov 2025 03:26:29 GMT - Rating 5 - Innovation 6 - Information 7 - Rumor -4