Bitcoin OGs Losing Faith?

By: WEEX|2025/08/05 16:00:00

A crypto analyst disagreed with the statement, saying, “Everyone dies. At some point, investment returns become irrelevant.”

"Many of the most ardent early whales have seen their faith shaken and have been selling at these prices," said Scott Melker (aka The Wolf of All Streets) in a Saturday X post.

The comments came in response to another analyst's philosophical take: "Everyone dies. At some point, investment returns become irrelevant."

Multiple Factors Driving Bitcoin Sell-Offs

"Bitcoin remains revolutionary, but we can't ignore that it's being adopted by the very institutions it was designed to circumvent," Melker observed.

The analyst clarified he was merely reporting market sentiment rather than endorsing it, but his remarks ignited fresh discussions about whether Bitcoin's growing institutional acceptance aligns with its original anti-establishment vision.

Bitcoin OGs Losing Faith? Source: Bram Kanstein

"Bitcoin Belongs to All," Counters Industry Voices

Crypto Mags pushed back against the institutionalization concerns, stating: "Bitcoin makes no exceptions - it's truly for everyone. That includes adversaries, regulators, and traditional financial institutions alike."

Echoing this sentiment while acknowledging Melker's perspective, Bitwise CIO Matt Hougan affirmed Bitcoin's transformative nature: "It remains groundbreaking as the world's first currency secured not by government force, but by mathematical principles and collective consensus."

Source: Mike Munz

Hougan concluded: "We owe gratitude to Bitcoin's pioneers, but the work continues. In today's economic climate, Bitcoin's role has never been more vital."

The debate follows a landmark transaction where a Bitcoin early adopter liquidated 80,000 BTC via Galaxy Digital - ranking among the largest OTC deals in cryptocurrency history.