{"id":35720,"date":"2024-01-08T18:18:05","date_gmt":"2024-01-08T18:18:05","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/01\/08\/expert-claims-wall-street-wants-to-take-bitcoin-out-of-reach-of-the-common-man\/"},"modified":"2024-01-08T18:18:05","modified_gmt":"2024-01-08T18:18:05","slug":"expert-claims-wall-street-wants-to-take-bitcoin-out-of-reach-of-the-common-man","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/01\/08\/expert-claims-wall-street-wants-to-take-bitcoin-out-of-reach-of-the-common-man\/","title":{"rendered":"Expert Claims Wall Street Wants To Take Bitcoin Out Of Reach Of The Common Man"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">A crypto dealer has introduced a compelling argument regarding the future accessibility of Bitcoin, alleging that Wall Street is aiming to drive the value of BTC past the attain of the widespread investor.\u00a0<\/span><\/p>\n<h2>BTC Accessibility Concerns<\/h2>\n<p><span style=\"font-weight: 400\">Crypto buying and selling professional, Oliver L. Velez has lately taken to X (previously Twitter) to launch a <\/span><a href=\"https:\/\/x.com\/olvelez007\/status\/1744198755446824962?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\">, claiming that <\/span><a href=\"https:\/\/www.newsbtc.com\/sponsored\/bitcoin-etf-wall-streets-100-billion-hope-solana-inqubeta-gain-whale-attention\/\"><span style=\"font-weight: 400\">Wall Street<\/span><\/a><span style=\"font-weight: 400\"> could also be organizing a deliberate technique to chop off Bitcoin\u2019s accessibility to common buyers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto dealer\u2019s feedback current an alarming situation for <\/span><a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-investor-sentiment-suggest-btc-rally-is-far-from-over\/\"><span style=\"font-weight: 400\">Bitcoin investors<\/span><\/a><span style=\"font-weight: 400\">\u2018 future. According to Velez, Wall Street, which has been displaying elevated curiosity within the crypto area these days, could also be planning to increase its motives past typical funding practices. This alleged maneuver might be aiming to create a barrier for on a regular basis buyers, probably limiting their participation and freedom within the crypto market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Using the overpriced <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-critic-warren-buffett-slams-btc\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Berkshire Hathaway<\/span><\/a><span style=\"font-weight: 400\"> (BRK.A) shares as a comparability, Velez identified that Bitcoin may expertise the same <\/span><a href=\"https:\/\/bitcoinist.com\/grayscale-how-bitcoin-price-could-be-bolstered-2024\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">price surge<\/span><\/a><span style=\"font-weight: 400\">, pushing it to ranges the place it turns into probably unaffordable for most of the people.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cBerkshire Hathaway (BRK.A) is trading at $554,300 a share. Its price is out of the reach of 99% of all human beings on Earth. You see, Warren Buffett never wanted his baby accessible to you, the masses,\u201d Velez acknowledged. \u201cIt was only for the elite, only for the privileged, only for those closest to the money printer. Making this too accessible to the masses might provide too much economic freedom to the wrong group of people.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Velez alleges that Wall Street is utilizing the identical ways it did with the Berkshire inventory for BTC, particularly as Spot Bitcoin ETFs are on the best way. They are apparently going to drive the value of Bitcoin so excessive that the typical investor wouldn&#8217;t be capable of purchase it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst additionally alludes to freedom as one of many main promoting factors of BTC to those Wall Street buyers. So opposite to the idea that the Bitcoin value would crash, Velez expects that Wall Street will proceed to drive the value of the cryptocurrency greater as a approach to maintain out the \u201criff-raff\u201d.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/OMY1Y7lU\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3266\" height=\"1530\" loading=\"lazy\"\/><\/p>\n<pre style=\"text-align: center\">BTC value rises to $44,200 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<h2>Spot Bitcoin ETF To Drive Scarcity<\/h2>\n<p><span style=\"font-weight: 400\">According to Oliver L. Velez, one of many main catalysts that would set off Bitcoin\u2019s inaccessibility is the launch of Spot Bitcoin ETFs. Velez asserts that the introduction of <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etf-week-5-things-to-watch\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Spot Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400\"> may probably propel the value of BTC to unprecedented heights, considerably impacting the cryptocurrency\u2019s affordability and availability out there.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto dealer\u2019s insights counsel that <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etf-mania-sparks-a-surge-in-google-searches\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ETFs<\/span><\/a><span style=\"font-weight: 400\"> might take in a substantial portion of the circulating BTC, thereby limiting direct possession of BTC to regular buyers. Given this, the crypto professional believes that the time when smaller buyers would be capable of simply get in on BTC is shrinking.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe window of opportunity to buy Bitcoin is closing, and exchanges will see a reduction in available Bitcoin as ETFs scoop it up. Owning Bitcoin directly will become increasingly difficult in the future, making it essential to secure Bitcoin now,\u201d Velez warned.<\/span><\/p>\n<p>Featured picture from Techeconomy, chart from Tradingview.com<\/p>\n<p>Disclaimer: The article is offered for academic functions solely. It doesn&#8217;t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You are suggested to conduct your individual analysis earlier than making any funding choices. Use data offered on this web site completely at your individual threat.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/wall-street-wants-to-take-bitcoin\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] A crypto dealer has introduced a compelling argument regarding the future accessibility of Bitcoin, alleging that Wall Street is aiming to drive the value of BTC past the attain of the widespread investor.\u00a0 BTC Accessibility Concerns Crypto buying and selling professional, Oliver L. Velez has lately taken to X (previously Twitter) to launch a 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