Famend cryptocurrency analyst Willy Woo likened all cryptocurrency buying and selling apart from Bitcoin (CRYPTO: BTC) to playing—except you’re an insider who is aware of the sport is rigged in your favor.
Crypto Buying and selling Like Playing, Says Woo
In an X put up, Woo mentioned that with out an informational or structural edge, one shouldn’t spend money on “crypto.”
“Not that I like to recommend shopping for crypto, you could be an insider to get an edge, it really works like a on line casino, the home will take your cash,” they argued.
It’s value mentioning right here that Woo sees BTC and altcoins as very totally different and rejects lumping them collectively as “crypto.”
The FTX Instance
Woo mentioned the individuals who “understood this commerce” through the 2023-25 cycle turned out to be the true winners.
FTX creditor activist Sunil Kavuri backed Woo’s thesis, including that patrons like Galaxy Digital and Pantera Capital snapped up locked SOL at huge reductions: $64–$102 per SOL when the market value was $192.
Kavuri added that almost all patrons did not even must hedge with futures as a result of the low cost was so large — they only waited for unlocks.
“Each crypto venture has backers [and a foundation] who has nice wads locked tokens which have been offered to hedge funds and dumped on you instantly by futures markets,” Woo claimed. “That’s the reason crypto in 2023-2025 beneath carried out.”
Being the Bitcoin maxi they’re, Woo mentioned that the neatest transfer is “Simply purchase BTC and get on together with your life.”
Worth Motion: On the time of writing, BTC was exchanging fingers at $69,818.20, down 1.96% within the final 24 hours, in accordance with information from Benzinga Professional.
Disclaimer: This content material was partially produced with the assistance of Benzinga Neuro and was reviewed and revealed by Benzinga editors.
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