Willy Woo Sold Most of His Bitcoin Stack... Is He Seeing Something We Don't

So Willy Woo, one of the most respected onchain analysts in crypto, drops "I've sold most of my Bitcoin now" in an interview. My first reaction was honestly wtf are you doing man?

But then you dig into his reasoning and it gets interesting. He's basically saying Bitcoin might only 50x from here to hit $100 trillion market cap, which he calls "near the ceiling." Meanwhile early stage Bitcoin infrastructure companies could do "100 to 1,000x return" if you pick right.

His take on all these Bitcoin treasury companies popping up everywhere is that he has stepped aside from a lot of this treasury stuff, like the latest wave reminds him of the 2017 ICO bubble,with insiders getting the early access and so forth

and we all know how that ended .

Isn’t this just sophisticated FOMO for venture plays Like yes, infrastructure during a gold rush can outperform gold itself, but most ventures still fail spectacularly even in bull markets.

What really gets me is his retail skepticism to which he adds that he is not entirely convinced that we're going to get this ridiculous amount of FOMO, because retail doesn't have "the multiple billions per day to make a difference" like institutional players do now.

The math on his thesis makes sense but execution is everything and most people suck at picking winners.