Bitcoin could enter a historic supply squeeze as Bitwise Asset Management CEO Hunter Horsley believes long-term holders will stop selling once the cryptocurrency surpasses the $130,000–$150,000 price range. His forecast suggests that Bitcoin’s role in the financial system is set for a fundamental shift—transforming it from a speculative asset to a prized form of collateral.

 

Bitcoin Holders Expected to Shift From Selling to Borrowing

Hunter Horsley took to social platform X on June 10 to share his prediction: once Bitcoin breaches the $130K–$150K threshold, selling pressure will sharply decline. Currently, with Bitcoin hovering above $100,000, some long-term holders are still taking profits from positions accumulated at much lower prices. However, Horsley argues that this selling activity will fade as the asset carves out new all-time highs.

His thesis rests on a rising preference for borrowing against Bitcoin rather than selling it. “When people need liquidity, they are going to borrow from an ever-growing set of lenders,” he explained. As the crypto lending ecosystem expands, BTC holders may increasingly use their coins as collateral rather than parting with them—further limiting the available market supply.

Bitcoin Supply Set to Tighten Further as Lending Options Expand

The anticipated shift from selling to collateralizing could trigger a persistent supply shortage, Horsley warned. With fewer coins available on the open market and greater demand from investors and institutions, the resulting imbalance may drive Bitcoin to new price extremes.

“There’s simply not going to be enough Bitcoin,” Horsley concluded, underlining a future where the asset’s primary utility lies in its store-of-value and lending potential. If his prediction holds true, Bitcoin’s next rally may be driven less by speculation and more by a maturing ecosystem where holding, not selling, becomes the norm.

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