“I think once Bitcoin breaks through e.g. $130–$150K, no one is going to sell their Bitcoin,” wrote Hunter Horsley, CEO of Bitwise Investor, on his account on X on June 19th.
This shows the immense bullishness that major players have about Bitcoin. Not to say that these forecasts are absolute truths, but they do establish the need for people to hold Bitcoin to grow their wealth, not spend it.
This will likely put more eyes on Bitcoin and other altcoins among those looking for the best crypto to buy now.
Bitcoin Sell-off Will Stop Once the BTC Price Reaches New Levels: Hunter Horsley
The Bitwise CEO is adamant in his belief that Bitcoin’s sell-off when it hit the $100K level was mostly among those who invested very early and considered that target the golden mark. However, once Bitcoin climbs to the $130K to $150K region, people will stop selling and start buying more.
He essentially said that the new levels will enhance Bitcoin’s prevalence to such a degree that people will stop selling BTC and start buying more of it.
His belief is that institutions and retailers will go as far as borrowing money to buy more BTC—an act that could propel BTC price action.
Not All Are Impressed by This Prediction
Hunter Horsley’s prediction hasn’t gone over too well among many crypto investors. While some like Crypto Man have agreed and added to the bullish discussion, others, such as TAOisTheKey, have rallied against it.
“People say this dumb crap in every bull cycle, and every bull cycle the market proves them wrong,” the crypto enthusiast said.
Another commentator asked Hunter why he kept telling people to waste their time on buying shitcoins then.
While these comments could be considered a gross overreaction, there may be some grain of truth to them. Bitcoin’s previous bull run in 2021 also brought many leaders to make similar forecasts, and it didn’t pan out.
However, things might be a bit different now.
Bitcoin has Already Crossed the Most Critical Phase – Michael Saylor
The current Bitcoin bull run feels different than before because of one simple reason: institutional interest.
Institutions like MetaPlanet, MicroStrategy, BlackRock, VanEck, Grayscale, and many others have dived into the Bitcoin space. And the primary reason the BTC price has surged to the level it is today is because of these parties.
While the asset is speculative, it is generating interest among financial leaders. Furthermore, with a crypto-friendly president in the US and the emergence of Bitcoin strategic reserves, Bitcoin has now gained more legitimacy.
In an interview conducted by Bloomberg, Michael Saylor stated that there won’t be any crypto winter coming anymore.
“Bitcoin has already crossed the most critical phase,” he said. “From the president of the US, to Scott Bessent, to Paul Atkins, to even CFTC members, all are in support of Bitcoin. So, we can talk about the winter arriving when Bitcoin reaches $1 million, but not before that.”
Is Bitcoin the Best Crypto to Buy Now?
The Bitcoin price has pulled back from $109K to $107K in the last 24 hours, which is the result of global uncertainty and impatient profit-takers. Therefore, Hunter Horsley’s forecast can only be analyzed after BTC reaches a high enough price point. For now, the volatility suggests that those looking to hold BTC should consider investing, as lower price points are equivalent to the best entry levels.
That being said, those looking to not be limited by speculation alone should look for other assets with superior upsides.
Bitcoin Hyper
Bitcoin Hyper takes a bold step to pull Bitcoin out of its speculative domain by injecting better use cases through its L2 solutions.
Described by the official website as the world’s first L2 solution for the Bitcoin Network, Bitcoin Hyper presents a combination of “hype” and utility to hopefully explode on the price charts.
The whitepaper of the project presents a well-thought-out ecosystem with multiple technological layers that could hopefully push Bitcoin past its previous limitations.
Bitcoin Hyper utilizes three unique technologies: L2 scaling solutions, the Solana Virtual Machine, and a Canonical bridge, to materialize its vision to evolve the Bitcoin network.
The Solana Virtual Machine and L2 scaling inject speed and scalability while adding a modular architecture. The Canonical bridge is a home-made ecosystem by Bitcoin Hyper to provide connectivity between the Bitcoin Hyper chain and the Bitcoin Network.
Bitcoin Hyper has raised upwards of $1 million already, and most YouTubers, such as Alessandro De Crypto, have been bullish about this project.
SUBBD
SUBBD is another utility token that could be considered among the best cryptos to buy now thanks to its unique attributes around content creation.
Developed as an OnlyFans-equivalent within the Web3 domain, the idea behind SUBBD is to provide a robust ecosystem where creators can leverage AI tools to provide better content.
At the same time, fans have a way to establish a relationship with their favorite creators in ways that go beyond just transactional interactions.
This focus on the intersection of blockchain and AI has positioned this Bitcoin project as one of the best AI agent ecosystems on the market. And with it already onboarding over 2,000 models, SUBBD can potentially tap into a following of 250 million people across multiple platforms.
Snorter
Snorter is a meme coin powering a crypto sniping tool, allowing users to invest in high-performing Solana-based meme coins.
This project, which is portrayed using an aardvark as the key animal, has established itself rather quickly in the market, raising close to $500K within a few days of going live.
Part of the reason why this auto-sniping ecosystem has generated so much buzz is due to the project being active on Telegram.
This gives users a high level of accessibility and lets Snorter introduce other out-of-the-box tools to further improve its automated sniping capabilities.
It also features fast swaps, honeypot protection, rugpull protection, and copy trading — all of which have been core talking points for many of the project’s supporters.
ClayBro has also highlighted the project in his recent video, specifying how Snorter’s decentralized ecosystem may continue to make it better.
Conclusion
Hunter Horsley’s belief that people won’t sell off Bitcoin when it reaches $150K represents his conviction that people are willing to bet on Bitcoin as a long-term asset. However, recent pullbacks have shown otherwise.
Therefore, investors seeking the best crypto to buy now should also keep an eye out for other assets. The ones mentioned in the article are ICOs, focusing on offering unique perks while also generating imagery that gives them viral potential.
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