[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CryptOpus [@ImCryptOpus](/creator/twitter/ImCryptOpus) on x 10.3K followers Created: 2025-07-27 12:15:08 UTC 🗣 Has #Bitcoin Been Co-Opted? Analysts Weigh In 🔍 Scott Melker, host of The Wolf of All Streets podcast and #cryptocurrency analyst, has sparked a debate about the potential co-opting of #Bitcoin from its original purpose due to recent sales by large holders, known as whales. He suggests that #Bitcoin may have been partially co-opted by the very entities it was designed to protect against. 💬 In a social media post, Melker stated, #Bitcoin is amazing, but it’s obviously been co-opted to some degree by the very people that it was created as a hedge against. Many of the most ardent early whales have seen their faith shaken and have been selling at these prices. This statement ignited a heated discussion, with some agreeing with Melker while others defended the right of early #Bitcoin whales to cash out. 🤝 Matt Hougan, CIO of Bitwise, shared Melker’s perspective but emphasized that even if co-opting is occurring, #Bitcoin remains "pretty revolutionary." He noted, It’s the first global money backed, not by the state and the threat of violence, but by logic and community. Hougan also called for respect for the actions of early whales, stating, The world needs #bitcoin more than ever. 🔄 On the other hand, investor Mike Alfred offered a different viewpoint. He argued that people make a personal decision to sell some of all their coins for a myriad of reasons that have nothing to do with the asset or protocol and pointed out that investment returns can become irrelevant over time. 📉 The discussion was prompted by Galaxy Digital's recent sale of a significant portion of XXXXXX $BTC previously held by a 2011 whale. This event has raised questions about the current state of #Bitcoin as an economic phenomenon and its potential shift away from its original revolutionary idea.  XXX engagements  **Related Topics** [cryptocurrency](/topic/cryptocurrency) [whales](/topic/whales) [holders](/topic/holders) [#cryptocurrency](/topic/#cryptocurrency) [#bitcoin](/topic/#bitcoin) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [Post Link](https://x.com/ImCryptOpus/status/1949443433237512304)
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CryptOpus @ImCryptOpus on x 10.3K followers
Created: 2025-07-27 12:15:08 UTC
🗣 Has #Bitcoin Been Co-Opted? Analysts Weigh In
🔍 Scott Melker, host of The Wolf of All Streets podcast and #cryptocurrency analyst, has sparked a debate about the potential co-opting of #Bitcoin from its original purpose due to recent sales by large holders, known as whales. He suggests that #Bitcoin may have been partially co-opted by the very entities it was designed to protect against.
💬 In a social media post, Melker stated, #Bitcoin is amazing, but it’s obviously been co-opted to some degree by the very people that it was created as a hedge against. Many of the most ardent early whales have seen their faith shaken and have been selling at these prices. This statement ignited a heated discussion, with some agreeing with Melker while others defended the right of early #Bitcoin whales to cash out.
🤝 Matt Hougan, CIO of Bitwise, shared Melker’s perspective but emphasized that even if co-opting is occurring, #Bitcoin remains "pretty revolutionary." He noted, It’s the first global money backed, not by the state and the threat of violence, but by logic and community. Hougan also called for respect for the actions of early whales, stating, The world needs #bitcoin more than ever.
🔄 On the other hand, investor Mike Alfred offered a different viewpoint. He argued that people make a personal decision to sell some of all their coins for a myriad of reasons that have nothing to do with the asset or protocol and pointed out that investment returns can become irrelevant over time.
📉 The discussion was prompted by Galaxy Digital's recent sale of a significant portion of XXXXXX $BTC previously held by a 2011 whale. This event has raised questions about the current state of #Bitcoin as an economic phenomenon and its potential shift away from its original revolutionary idea.
XXX engagements
Related Topics cryptocurrency whales holders #cryptocurrency #bitcoin bitcoin coins layer 1 coins bitcoin ecosystem