A crypto trader has warned that Bitcoin (BTC) could soon become out of reach for ordinary retail investors, comparing its potential trajectory to the Berkshire Hathaway shares trading on the New York Stock Exchange (NYSE).
Wall Street Flocking To Bitcoin: Lessons From Berkshire Hathaway Shares
On X, Oliver Velez, a crypto analyst and trader, argued that Wall Street’s newfound embrace of Bitcoin could drive prices higher, making it even more expensive for individual investors to purchase. The trader likened this scenario to Berkshire Hathaway shares. Trading at $554,318 according to Google Finance on January 8, these Class A shares are presently out of reach to most investors.
In the trader’s analysis, BRA shares were Buffett’s “baby” and knowingly zoned off from the ordinary investor because giving them access meant empowering the “wrong group of people.” The analyst claims that Wall Street plans to implement the same “attack” that isolates the masses from Bitcoin, going by the recent turn of events.
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Wall Street institutions, who have been critical of Bitcoin in the past, are warming up to Bitcoin and crypto. As the market prepares for institutions’ entry, BTC prices are increasing, with more gains expected once a proper vehicle is greenlit by the strict US Securities and Exchange Commission (SEC).
Based on Velez’s post, Wall Street will deliberately push Bitcoin higher so it is out of reach from retail investors. This way, they will financially cordon off Bit
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Author: Dalmas Ngetich
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