In the past week, Bitcoin’s price has been fluctuating, causing panic for both investors and regular traders. However, experts believe that these price fluctuations
are pushing Bitcoin into an IPO-like phase, which could lead to broader, more stable ownership.
Bitcoin’s price has been hovering between $106,786 and $115,957. Despite the market swings, Bitcoin’s everyday use keeps growing. It’s now common to see
digital currencies used in online spaces, including gaming and social platforms. On Telegram, for example,
Telegram casino bots
have become a new way for users to play quick casino games, send tips, and withdraw winnings. Users can do all this without leaving the chat app.
This kind of entertainment with technology shows how far Bitcoin has come from being just an investment tool. Even when prices fluctuate, its role in digital
life continues to expand.
However, Wall Street expert Jordi Visser believes that Bitcoin’s current price isn’t a sign of weakness; instead, it is a sign that Bitcoin is slowly moving
into an initial public offering (IPO) phase.
Visser says that although Bitcoin’s price is dipping, fresh investors are taking advantage of the dip as old coins that have been dormant for years are now
on the move.
These old Bitcoins are held in what Visser calls OG accounts, and since the dip in price, these Bitcoins have been moving across different accounts, spreading
the supply of Bitcoin across a broad number of people. As at the time of writing,
Bitcoin’s circulating
supply is 19.94 million BTC, which is almost 95% of its total supply.
Visser argues that in the traditional business world, this moment is called an IPO, as early adopters want to cash out while new investors are looking to
take advantage of the dip for its long-term gain.
This IPO phase presents a lot of benefits for Bitcoin as it could lead to stable prices and market maturity.
When a small number of accounts control large amounts of Bitcoin, the actions of these accounts could affect Bitcoin’s price. If a major holder sells their
assets, Bitcoin’s price may suddenly increase as the market struggles to react. However, if the supply of Bitcoin is shared across the market, the risk of a sudden price spike would be reduced.
Crypto market analysts believe that if Bitcoin’s asset holder base increases, market volatility would reduce. Also, a broader ownership base could help more
private and public institutions get more involved in the Bitcoin market. Currently, most of the top holders of Bitcoin are private companies, and they got into the Bitcoin ecosystem through regulated spot ETFs and hedge funds.
Bitcoin has been accepted by both private companies and traditional finance institutions. As more companies continue to
embrace crypto
as part of their finance strategy, there would be less risk of market volatility and more investor confidence.
Major companies like Strategy have been acquiring Bitcoin for some time now. Currently, the company has invested over $47 billion to
acquire 641,205 BTC.
And it’s not alone. MARA Holdings (over 50,000 BTC) is doing the same. Even Tesla is stockpiling Bitcoin (over 11,500 BTC).
As Bitcoin enters its IPO phase, Visser predicts that it could last for about six months. In the traditional market, IPO and ownership redistribution last
for about six to eighteen months, and even though Bitcoin is a digital asset, the same time frame may still apply.
Bitcoin’s current IPO phase is less about price fluctuations and more about stable ownership and market maturity. If more people are able to purchase Bitcoin,
it should shift the market from volatility to stability and create a kind of “public company” moment for crypto.
