Part 8/13:
He points out that many companies like MicroStrategy are effectively using Bitcoin as a treasury reserve asset, issuing debt and borrowing against their holdings—akin to a long-term, on-chain "cash" strategy. Woo notes this behavior contributes to the overall strengthening of Bitcoin’s market structure.
Market Psychology and Key Price Milestones
Woo discusses the psychological importance of round-number thresholds such as $50,000 and $100,000. While these are not fundamentally support levels, they act as strong mental barriers. He cites previous examples, like breaking the $1 trillion market cap or hitting $100 million in market value, which can instill confidence and trigger FOMO.