Quick Takeaways
- Bitcoin can sell pioneers, but this does not mean that they have left; Many buses are focusing or focusing their attention.
- The community is being divided by institutional adoption. While some believe it weakens the mission, others believe it is necessary for development.
- The Bitcoin story is far from over, and OGs might just be writing their next chapter differently.
Why Bitcoin OGs Might Be Selling Off Their Holdings Now
There’s a new buzz swirling around the crypto community and it’s all about the Bitcoin OGs.
Are the early believers the ones who got in when Bitcoin was worth pocket change starting to lose faith?
Or are they just adapting to a changing game?
Crypto analyst Scott Melker, known as The Wolf of All Streets, kicked off the conversation with a post on X that got a lot of attention:
“Many of the most fervent early whales have been selling at these prices after having their faith shaken.”
That statement didn’t land quietly. A heated argument was nevertheless started even though Melker said he was only relaying what he was hearing and not offering his own thoughts.
These pioneers of the Bitcoin movement did, after all, contribute to its formation.
So if they’re cashing out, people want to know: why now?
Some Say Bitcoin OGs Are Just Making Smart Moves
Not everyone agrees that selling means doubt.
Mike Alfred, founder of Alpine Fox and a familiar voice in crypto circles, pushed back.
He said there are lots of reasons someone might sell their Bitcoin and most have nothing to do with losing belief in it.
“People make a personal decision to sell some or all coins that have no one to do with the assets or protocols for the reasons,” he said.
And then he added something a little deeper:
“Everyone dies. At some point, investment returns become irrelevant.”
In other words, maybe the Bitcoin OGs aren’t walking away from the mission.
Maybe they’re just moving into the next phase of life or investing differently.
Others, like Dave Weisberger, say this is simply part of Bitcoin going mainstream.
He maintained that without institutions, Bitcoin cannot survive.
“Without public acceptance by the legacy institutions in charge of the fiat system AND the transfer of OG-held Bitcoin to those organizations, there is NO way to establish a Bitcoin standard.”
So, from that view, the OGs aren’t giving up they’re passing the torch.
Bitcoin OGs and the Big Picture: Evolution, Not Exit
Let’s be real Bitcoin has changed a lot. What started as a rebel tech experiment is now being discussed in boardrooms.
And that particular shift isn’t easy for everyone to accept. But not everyone sees institutional adoption as a bad thing.
Crypto analyst Crypto Mags summed it up nicely:
“Bitcoin is for everyone. Everyone INCLUDES enemies, governments, and Wall Street.”
She’s right. Bitcoin doesn’t care who you are. It’s a protocol open to all. That’s the point.
Matt Hougan, CIO at Bitwise Invest, offered another take that hits home:
“It’s the first international currency supported by reason and community rather than by the state and the threat of violence.”
He gave a shoutout to the Bitcoin OGs, too:
“Respect for the initial whale, and let’s build. The world needs more bitcoin than ever before.”
80,000 BTC Sale Raises Eyebrows—but Should It?
A huge sale made headlines as this conversation gained momentum.
One early Bitcoin investor sold 80,000 BTC through Galaxy Digital a transaction worth billions. Naturally, that added more fuel to the “OGs are leaving” narrative.
But here’s the thing: selling doesn’t always mean surrendering.
Analyst Willy Woo recently said he sold most of his Bitcoin not because he’s bearish, but because he sees more upside in Bitcoin infrastructure.
PlanB followed suit, moving to spot Bitcoin ETFs for simpler administration.
So maybe it’s not about fear. Maybe it’s about freedom. And maybe bitcoin OG is just developing like bitcoin.