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Is Bitcoin a ‘Perfect Asset’ with a Catch? Willy Woo Weighs in on Risk
The rise of institutional interest and treasury holdings has led many to hail Bitcoin as the “perfect asset” for the next millennium. However, veteran analyst Willy Woo is not entirely convinced. While acknowledging Bitcoin’s potential as an excellent store of value, Woo believes that this narrative may be too optimistic.
Woo warns that the growing reliance on Spot Bitcoin ETFs and pension funds could centralize Bitcoin in institutional hands, making it vulnerable to state-level interference. This trend has seen public companies holding over 1,000 BTC increase from 24 by the end of Q1 2025 to a record-breaking 35 so far in Q3, according to Fidelity Digital Assets.
Furthermore, Woo highlights the opaque debt structures of treasury firms as a significant risk factor. He emphasizes that weaker ones could “blow up” during a market downturn, leading to substantial losses for investors. This concern echoes previous warnings about liquidity concentration and over-reliance on ETFs and treasuries quietly shaping market fragility.
As institutional investors continue to flood the Bitcoin market, Woo’s words of caution underscore the need for a more nuanced understanding of the asset’s potential drawbacks.
Source: ambcrypto.com
