Bitcoin Could Reach $400K by Year-End as New Buyers Emerge
A shift in Bitcoin ownership is underway, with a new class of long-term holders accumulating BTC from older investors. According to Bitcoin veteran Udi Wertheimer, this trend could serve as a major bullish signal for Bitcoin, potentially pushing its price to $400,000 by the end of the year.
Wertheimer highlights that these new buyers are different from typical traders—they are committed holders who refuse to sell, reducing available supply in the market. As demand continues to rise, this scarcity could drive prices significantly higher.
Historically, Bitcoin has seen cycles where long-term holders distribute their coins to new entrants, often marking the start of a new bull run. This time, however, the accumulation phase appears more aggressive, with institutional players and high-net-worth individuals entering the space.
Wertheimer points out that Bitcoin’s fixed supply of 21 million coins makes it uniquely positioned to benefit from increasing demand. Unlike traditional assets, where supply can be adjusted, Bitcoin’s scarcity is mathematically enforced, creating a natural upward pressure on price as adoption grows.
If this trend continues, with new buyers holding rather than trading, Bitcoin could see unprecedented price levels before the year concludes. While market volatility remains a factor, the growing presence of steadfast investors suggests a strong foundation for further gains.