Bitcoin OGs’ Confidence Erosion Sparks Institutional Versus Ethos Debate

Bitcoin OGs’ Confidence Erosion Sparks Institutional Versus Ethos Debate

A well-known crypto analyst has ignited a divisive discussion within the Bitcoin community, asserting that many Bitcoin OGs—early whales—are seeing their conviction waver as institutional adoption gains traction. Scott Melker (The Wolf of All Street) recently posted on X that “many of the most ardent early whales have seen their faith shaken and have been selling at these prices.” According to Melker, institutional participation has transform...

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