Bitcoin Whales’ Confidence Debate Spawns Polarizing Crypto Market Split Over Institutional Adoption
A recent assertion by crypto analyst Scott Melker, known as “The Wolf of All Street,” has ignited a polarizing debate within the Bitcoin community. Melker claimed that “early OG whales” are losing confidence in Bitcoin as institutional adoption grows, citing anecdotal evidence of large holders selling at current price levels [1]. The statement, posted on X, emphasized that Bitcoin has been “co-opted” by the very institutions it was designed to bypass, triggering discussions about whether the asset’s original ethos is eroding [1].
Melker’s comments were met with both agreement and pushback. Mike Alfred, founder of Alpine Fox, acknowledged the complexity of individual selling decisions but argued that personal motivations—such as…
