Renowned Bitcoin on-chain analyst and investor Willy Woo sold all his BTC holdings and switched to other news assets associated with BTC. He claims other assets will have a higher compound annual growth rate (CAGR) than BTC amid massive corporate adoption.
“The next decade will be unprecedented,” said Willy Woo on July 22 as he confirmed divesting from holding BTC directly. He sees risks in BTC from quantum computing, bugs in code base revision, and market attacks.
While developers are exploring adding quantum-resistant addresses to the Bitcoin blockchain under BIP360, the quantum threat to Bitcoin is acknowledged by many, including cypherpunk Adam Back.
Willy Woo believes Bitcoin will have a CAGR of only 30% in the next decade, marginally lower than the 50-80% previously. The best asset to invest in is BTC infrastructure ventures. These startups now also hold BTC, with downside risk comparatively lower.
He cited that Coinbase’s seed round to IPO in 2012 gave 0.5x more gains than BTC, and Exodus’ seed round in 2016 did 2-3x BTC gains. From 2025 onwards, Bitcoin infrastructure firms will give higher returns than Bitcoin.
Bitcoin price fell 1% in the past 24 hours, with the price currently trading at $118,414. The intraday low and high are $116,233 and $119,671, respectively. Moreover, the trading volume has increased by 14% in the last 24 hours, indicating interest among traders.
CoinGlass data showed mixed reactions in the derivatives market. At the time of writing, the 24-hour BTC futures open interest fell 0.6% to $84.84 billion. Also, the 4-hour BTC futures OI on CME and Binance fell more than 1.98% and 0.35%, respectively.
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