{"id":39868,"date":"2021-03-31T11:20:23","date_gmt":"2021-03-31T08:20:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39868"},"modified":"2025-08-30T11:37:39","modified_gmt":"2025-08-30T08:37:39","slug":"willy-woo-selling-bitcoin-now-is-madness","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/willy-woo-selling-bitcoin-now-is-madness\/","title":{"rendered":"Willy Woo: selling Bitcoin now is madness"},"content":{"rendered":"<p>Popular cryptocurrency analyst Willy Woo, in the What Bitcoin Did podcast, called selling Bitcoin right now \u201cmadness.\u201d<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\nhttps:\/\/twitter.com\/WhatBitcoinDid\/status\/1376534205342027776\\n<\/div>\n<\/figure>\n<p>\\n\\n<\/p>\n<p>According to Woo, in 2021 the first cryptocurrency is expected to complete the final leg of a three-year rally \u2014 an explosive bull run.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cYou have to be crazy to sell [Bitcoin] right now. [\u2026] I think we are at the bottom. Personally, I\u2019m accumulating long positions,\u201d the analyst said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Woo noted sizable transfers of Bitcoin from the Coinbase exchange to cold wallets. In his view, this signals accumulation by major holders ahead of the rally in the first cryptocurrency.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, in late 2020 Woo predicted that <a href=\"https:\/\/forklog.com\/en\/news\/willy-woo-predicted-bitcoin-to-rise-to-300000-in-2021\">Bitcoin would reach $300,000<\/a> in 2021. He regards the forecast of $100,000 in the near future as &#8216;overly conservative&#8217;.<\/p>\n<p>\\n\\n<\/p>\n<p>Senior Bloomberg Intelligence commodities strategist Mike McGlone predicted a rise in digital gold <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-strategist-bitcoin-could-reach-400000\">to $400,000<\/a> in 2021.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, well-known trader Tone Vays said that Bitcoin is expected to resume growth, <a href=\"https:\/\/forklog.com\/en\/news\/tone-vays-bitcoin-to-hit-a-new-all-time-high-but-then-faces-a-significant-correction\">to reach a new all-time high<\/a> and subsequently fall sharply.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\\\"\/\/telegram.me\/forklog\\\\\" target=\\\\\"\u201c_blank\u201d\\\\\" rel=\\\\\"\u201cnofollow\u201d noopener\\\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prominent cryptocurrency analyst Willy Woo, speaking on the What Bitcoin Did podcast, called selling Bitcoin right now &#8216;madness&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":39869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1138,1514],"class_list":["post-39868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions","tag-willy-woo"],"aioseo_notices":[],"amp_enabled":true,"views":"72","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39868"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39868\/revisions"}],"predecessor-version":[{"id":39870,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39868\/revisions\/39870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39869"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}