A crypto trader has presented a compelling argument about the future accessibility of Bitcoin, claiming that Wall Street is aiming to drive the price of BTC beyond the reach of the average investor.
Concerns about the accessibility of BTC
Crypto trading expert Oliver L. Velez recently took to X (formerly Twitter) to share a afterthat claims Wall Street could orchestrate a deliberate strategy to close off Bitcoin’s accessibility to mainstream investors.
The crypto trader’s comments present an alarming scenario Bitcoin Investors‘ future. According to Velez, Wall Street, which has been showing increasing interest in the crypto space lately, plans to expand its motives beyond conventional investment practices. This alleged maneuver could aim to create a barrier for ordinary investors, potentially limiting their participation and freedom in the crypto market.
Using the overpriced Berkshire Hathaway (BRK.A) shares By comparison, Velez pointed out that Bitcoin could experience something similar price increasepushing it to a level where it becomes potentially unaffordable to the general public.
“Berkshire Hathaway (BRK.A) is trading at $554,300 per share. Its price is beyond the reach of 99% of all people on earth. You see, Warren Buffett never wanted his baby to be accessible to you, the masses,” Velez said. “It was only for the elite, only for the privileged, only for those closest to the money printer. If this is made too accessible to the masses, it could provide too much economic freedom for the wrong group of people.”
Velez claims that Wall Street is using the same tactics as with Berkshire stock for BTC, especially with Spot Bitcoin ETFs on the horizon. Apparently they are going to push the price of Bitcoin so high that the average investor wouldn’t be able to buy it.
The analyst also points to freedom as one of BTC’s key selling points for these Wall Street investors. So contrary to the belief that Bitcoin’s price would crash, Velez expects Wall Street will continue to push up the cryptocurrency’s price as a way to keep the “witness” out.
BTC price rises to $44,200 | Source: BTCUSD on Tradingview.com
Discover Bitcoin ETF to Drive Scarcity
According to Oliver L. Velez, one of the main catalysts that could cause Bitcoin’s inaccessibility is the launch of Spot Bitcoin ETFs. Velez claims that the introduction of Discover Bitcoin ETFs could potentially push the price of BTC to unprecedented heights, which could have a significant impact on the affordability and availability of the cryptocurrency in the market.
The crypto trader’s insights suggest that ETFs can absorb a significant portion of the circulating BTC, limiting direct ownership of BTC to normal investors. Given all this, the crypto expert believes that the window for smaller investors to easily get into BTC is getting shorter.
“The window to buy Bitcoin is closing, and exchanges will see a reduction in available Bitcoin as ETFs pick it up. Owning Bitcoin directly will become increasingly difficult in the future, making it essential to secure Bitcoin now,” Velez warned.
Featured image from Techeconomy, chart from Tradingview.com
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