Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. 

“There are several reasons why OG crypto holders are selling,” Hiesboeck data-ct-non-breakable=”null” href=”https://x.com/MHiesboeck/status/1987426597205426525″ rel=”noopener nofollow” target=”_blank”>said on Sunday. “Number one is to buy them back in the form of ETFs, which offer incredible tax advantages with current rules, especially in the US.”

lockquote data-ct-non-breakable=”undefined”>“The second reason is that they have realized that the real revolution isn’t… lockquote>

Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. 

“There are several reasons why OG crypto holders are selling,” Hiesboeck data-ct-non-breakable=”null” href=”https://x.com/MHiesboeck/status/1987426597205426525″ rel=”noopener nofollow” target=”_blank”>said on Sunday. “Number one is to buy them back in the form of ETFs, which offer incredible tax advantages with current rules, especially in the US.”

lockquote data-ct-non-breakable=”undefined”>“The second reason is that they have realized that the real revolution isn’t… lockquote>