Willy Woo has established himself as a notable supporter of cryptocurrency, especially well-regarded among fans of Bitcoin. Long before the masses caught wind of Bitcoin's potential, this New Zealand trader was making waves as a key analyst in the Bitcoin space. His journey began in 2013 when he made his inaugural purchase of Bitcoin, setting him on a path filled with insights into decentralized financial assets. Through diligent research, Woo has crafted some of the most accurate Bitcoin price prediction models available.
His extensive experience in finance made him well-versed in metrics and analytics. For example, it’s hard to find a cryptocurrency trader, even those with the least experience, who hasn’t heard of theBitcoin NVT ratio. This crucial metric helps define Bitcoin's price-earnings ratio by measuring the value of its network against the transaction volumes it handles. Woo's insights featuring the Bitcoin NVT ratio have been highlighted in esteemed international publications and academic papers.
Currently, Woo keeps his audience of over 988,800 followers updated on Bitcoin blockchain developments via his Twitter account. He also manages Woobull, a subscription-based market research firm, and has made seed-level investments in several cryptocurrency enterprises, including Exodus Wallet, Radix DLT, and LVL.
2023
In a recent forecast, renowned Bitcoin analyst Willy Woo suggested that Bitcoin's price might soar to an astounding $310,000 under specific market conditions. His projection rests on the idea that large financial institutions, such as Bank of America, Fidelity, JPMorgan, Goldman Sachs, BNY Mellon, Invesco, and BlackRock, could potentially enter the market and drive prices up.coin Woo elaborated on his hypothesis, indicating that a surge in Bitcoin's market capitalization, along with an increase in its realized value, could pave the way for such a price explosion. However, he emphasized that the timeline of these institutional purchases would significantly influence how drastically Bitcoin's value would fluctuate.invest 5% of theirassets under management (AUM) in Bitcoin.
In January 2022, Bitcoin briefly dipped below $33,000, contradicting Woo’s optimistic forecasts. He acknowledged the market has been engaged in a lengthy re-accumulation phase and attributed the downturn to overarching economic challenges. Woo believes that Bitcoin's price could ascend through 2022 akin to its recovery from the $29,000 low in July 2021 and the impressive leap from $10,000 to $60,000 post-October 2020. Analysts are inclined to predict a possible new peak between $69,000 to $100,000 or beyond within the year.
2022
Even as the market hangs on his predictions for the upcoming months, Woo intends to continue fulfilling his role as a general partner at S2F Capital, as well as the head of research for Chainlink Capital Management’s Ama Fund.
Bitcoin Inscriptions have become increasingly popular, with currently 38 million in circulation across more than 672,000 wallets.
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