The Bitcoin Paradigm: How BTC Surpasses Traditional Finance, According To Expert

Samson Mow, former Chief Strategy Officer at Blockstream and the CEO of Jan3, recently shared an insight into Bitcoin’s impact on modern financial technology.Fidelity: $1.06 billion
Bitwise: $393 million
ARK 21Shares: $319 million
Invesco Galaxy: $194 million

— Bitcoin Magazine (@BitcoinMagazine) January 19, 2024

Despite the optimism surrounding these inflows, Kiarash Hossainpour, founder of Colorways Ventures and The Consensus, has recently issued a cautionary note regarding the potential market volatility in the BTC space. Hossainpour alluded to several significant BTC holdings that could exert considerable selling pressure in the market’s first half of 2024.

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However, the Consensus founder also acknowledged that the potential impact of these sell-offs might be mitigated by each holder’s varied timelines and strategies, suggesting that the market might absorb these movements without drastic consequences.

Featured image from Unsplash, Chart from TradingView

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Author: Samuel Edyme

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