Willy Woo is a crypto bull who is well-known among cryptocurrency enthusiasts. Even before the general public was aware of Bitcoin, the New Zealander was one of the most active bitcoin analysts. In 2013, he made his first Bitcoin purchase, opening the door for him to fall down the infamous "rabbit hole" of decentralized financial assets. Woo developed some of the most precise Bitcoin price models as a result of his research into the cryptocurrency industry.
He had 15 years of finance business experience, so metrics came naturally to him. For instance, only the most uneducated cryptocurrency traders can claim to be unaware of the Bitcoin NVT ratio. Based on the value of its network and the volume of value transmitted across it, this metric establishes Bitcoin’s price-earnings ratio. Woo’s Bitcoin NVT ratio was mentioned in prestigious international journals and research papers.
Woo now regularly updates his 988,800+ Twitter followers on the status of the Bitcoin blockchain. In the meantime, the analyst runs Woobull, a market research firm that requires subscriptions. Additionally, he has invested in various cryptocurrency startups at the seed-level equity level, including Exodus Wallet, Radix DLT, and LVL.
2023
Famous bitcoin analyst Willy Woo recently predicted that, under certain market circumstances, the price of a Bitcoin coin may approach $310,000. The premise of his estimate is that major institutions such as Bank of America, Fidelity, JPMorgan, Goldman Sachs, BNY Mellon, Invesco, and BlackRock may choose to invest 5% of their assets under management (AUM) in Bitcoin.
Woo went into further detail about his idea, saying that such a price explosion would be made possible by the probable growth in Bitcoin’s market cap as well as the rise in its realized cap. But he also made it clear that the timing of these institutional investments would determine how far higher or lower Bitcoin would go.
2022
In January 2022, Bitcoin saw a brief decline to below $33,000, departing from Woo’s optimistic projections. Despite pointing out that the market has been in a protracted re-accumulation period, he attributed the decline to macroeconomic issues. According to Woo, the price of bitcoin would rise in 2022 in a similar fashion to how it did from the $29,000 low in July 2021 and the surge from $10,000 to $60,000 in price that occurred after October 2020. Analysts predict that as a result, the price will rise to a new all-time high of $69,000 to $100,000 or more in 2022.
Woo plans to continue serving as general partner of S2F Capital and head of research for Chainlink Capital Management’s Ama Fund, even though the market will be keenly watching his positive projections for the rest of the year.
