in 2022 of Bitcoin The story that it would be successful in the fight against inflation fell through. As inflation rose, BTC weakened, and this caused the claims of “Bitcoin as a hedge” to come to nothing. Then we started to see problems in its correlation with Gold. Thus, the Digital Gold story falls flat. Ran Neuner and Willy Woo focus on the alarming development.
Willy Woo
cryptocurrency Willy Woo, whom investors have known for years, is a name whose predictions about cycles are closely followed. Today, he compared Bitcoin and Gold and said, “If you don’t want to stay hopeful, don’t listen to me.” Stating that the 12-year trend has been broken, the analyst thinks that this trend has been broken due to quantum awareness and there may be more.
“Probably, BTC quantum resistant It will be patched with signatures. This does not solve the problem of 4 million lost coins coming back into circulation. I would say there is a 75% chance that the lost coins will not be frozen by the protocol hard fork.
Therefore, a risk-adjusted sale of 4 million coins should be priced. To put this in perspective, since Stategy set a trend by starting to accumulate BTC in 2020, only 2.8 million BTC in total has been accumulated by all companies and spot ETFs.
4 million missing BTC = 8 years of corporate experience.
The market has begun to price in advance the return of these lost coins. This process will be completed when the Q-Day risk is eliminated. By then, BTCUSD will price in this risk.
Q-Day is 5 to 15 years away… which means trading for a long time with uncertainty hanging over your head. Unfortunately, the next 10 years will be the period when BTC is needed the most. “This is the end of the long-term debt cycle, when macro investors and governments turn to hard assets like gold to hedge against global debt reduction.”
I Question Biitcoin
Ran Neuner does not say different things either. He goes further and mentions that he is questioning Bitcoin for the first time in 12 years. What he points out is not so much the decline but how Bitcoin reacts when markets actually enter risk and uncertainty. When Bitcoin was born, its purpose was “peer-to-peer cash”, that is, a decentralized alternative that people would use for payments. However, it later turned into digital gold, a store of value.
It was Bitcoin’s integration into the traditional financial system that was once exciting but has now dashed hopes.
- We fought for ETF approval.
- We fought for institutional access.
- We wanted to get him into the system.
“There was nothing left to fight for. So when tariffs, currency tensions and financial instability came along, it was the moment when Bitcoin was supposed to act as a store of value. Instead, capital turned to gold. Institutions had access. There were no more barriers.”
That’s what’s disturbing. If it’s not being used as cash and hasn’t absorbed the stress bid in any meaningful way, then what exactly is the story? Retail investor participation is near its lowest levels in recent years. The early evangelists are largely out of business.”
This doesn’t mean Bitcoin is dead. But Ran says this now calls into question.
“The interesting thing is cryptocurrencies It’s not that I’m worried about Bitcoin. Because the next wave is not ideological. AI agents will not use banks. They will not use credit cards. They will need instant, programmable payment paths. This means cryptocurrency.”
