Latest news with #ScottMelker
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin To Hit $200,000 By Year-End, Bitwise's Matt Hougan Maintains
Bitwise Chief Investment Officer Matt Hougan has laid out a compelling bullish thesis for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), citing a powerful demand shock as the catalyst for explosive upside over the next 18 months. What Happened: In a podcast with Scott Melker, Hougan predicts Bitcoin will reach $200,000 by the end of 2025, driven by institutional demand growing 5 to 10 times faster than supply. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation He called this surge "a math problem," emphasizing: "When demand is 5x to 10x supply, the price tends to go up. And I think that's the story in crypto right now." He pointed to rising corporate adoption, such as Strategy (NASDAQ:MSTR) and other treasury allocators, as a key piece of the demand puzzle. The imbalance is even more pronounced in Ethereum, Hougan noted. Since mid-May, companies and ETFs have purchased 32x more ETH than has been issued, sparking what he describes as a 'demand shock.' Inflows into ETH ETFs have soared to $4.4 billion this month alone, suggesting the early stages of a major institutional reallocation. Also Read: Why It Matters: Hougan says the next major catalyst could be the integration of crypto into retirement accounts, highlighting Donald Trump's proposal to allow 401(k)s and IRAs to invest in Bitcoin. "That's $8 trillion in retirement accounts potentially gaining exposure to Bitcoin," Hougan said. "It's like a government-mandated DCA, 20 million Americans putting 2.5% of their wealth into BTC regularly." This growing infrastructure is also triggering what Hougan calls an "altcoin season in TradFi", where investors rotate profits from Bitcoin ETFs into Ethereum, crypto-treasury firms, and other digital assets. ARK Invest recently showcased this trend, selling off Coinbase (NASDAQ:COIN) stock to buy shares in Tom Lee's Bitcoin treasury company. Bitwise also sees yield generation on Bitcoin holdings as the most in-demand service among its institutional clients, further evidence of maturing market dynamics. Read Next:Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Bitcoin To Hit $200,000 By Year-End, Bitwise's Matt Hougan Maintains originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
4 days ago
- Business
- Yahoo
$9 Billion Exit by Satoshi-Era BTC Whale Sparks Debate: Are Bitcoin OGs Losing Faith?
Bitcoin's identity crisis came roaring back into focus this weekend after Galaxy Digital (GLXY) announced that it had facilitated a $9 billion sale of more than 80,000 bitcoin for a Satoshi-era investor. The firm said the sale — one of the largest notional BTC transactions ever — was part of the seller's estate planning strategy. The transaction was immediately seen as symbolic. For some, it marked a practical rebalancing. For others, it was a worrying sign that even Bitcoin's earliest believers are cashing out. Crypto analyst and commentator Scott Melker fanned the flames with a sharply worded post on X. 'Bitcoin is amazing,' he wrote on July 26. 'But it's obviously been co-opted to some degree by the very people that it was created as a hedge against. Many of the most ardent early whales have seen their faith shaken and have been selling at these prices.' The comment kicked off a fierce debate that spanned crypto influencers, traders, and ideologues — many of whom disagreed over what the whale's exit meant, and whether Melker's framing was accurate. Some Dismiss the Concern Critics of Melker's interpretation argued that one transaction — egardless of size — doesn't signify ideological abandonment. They noted the sale was explicitly tied to estate planning, not a loss of conviction. Others pointed out that wallet movements can be misleading, and selling doesn't automatically mean an investor has given up on the asset long term. Some community members even called the remark speculative, pointing to OGs like Adam Back and others who continue to accumulate. Melker later clarified that he was 'just pointing out what I've been hearing,' not declaring his own view. Others See a Pattern Supporters of Melker's take saw the whale's exit as emblematic of a broader shift. With Bitcoin increasingly absorbed into traditional finance — via ETFs, corporate treasuries, and custody solutions — some worry that the asset has drifted from its cypherpunk roots. To this group, Bitcoin's transformation into a tradable, regulated, and largely off-chain instrument is a distortion of its founding vision. If early believers are losing interest, they argue, it may be a symptom of Bitcoin becoming less about individual sovereignty and more about financial engineering. Bitcoin's Open-Access Design Defended Another group pushed back against the premise that institutional involvement amounts to ideological failure. In their view, Bitcoin's value lies in its neutrality — its rules apply to everyone, whether it's retail users or Wall Street funds. Censorship resistance, not exclusion, is the foundation. These commentators argued that the rise of ETFs and custodial adoption was inevitable, and even necessary, if Bitcoin is to achieve broad monetary relevance. From this perspective, whale exits are simply a part of maturing capital flows — not a sign of philosophical surrender. Questions About Security and Use The debate also triggered deeper concerns about Bitcoin's function. If most BTC is held as a passive store of value and rarely transacted, how will the network continue to be secured post-halving? With mining rewards falling and on-chain usage declining, some worry that transaction fees alone may not sustain network integrity in the long run. A Telling Moment While Melker's post didn't move markets, it did spotlight a critical question: What does it mean when early believers sell? Is it a warning signal, or a natural redistribution? A loss of faith — or a sign of progress? Galaxy's $9 billion transaction offered no definitive answers. But the reactions that followed revealed just how unsettled Bitcoin's evolving role remains. Between the vision it was born from and the institutions now shaping it, the ideological rift is no longer theoretical — it's playing out in real time. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Red Light Holland teams up with Arch Public for Bitcoin Strategy
Red Light Holland teams up with Arch Public for Bitcoin Strategy originally appeared on TheStreet. Red Light Holland, a Canadian company that produces functional mushrooms and psilocybin truffles, has selected Arch Public Inc. as its primary partner to assist in managing its Bitcoin investment strategy. The decision comes after Red Light Holland announced it will invest up to C$2 million in Bitcoin and other digital assets. As part of this goal, the business has already put C$210,000 into a Bitcoin ETF. On July 15, the firm took on Scott Melker, a renowned crypto Key Opinion Leader, as its Bitcoin Light Holland added Bitcoin to its balance sheet since it was having trouble with its banking because of its work in the psychedelics industry. The firm viewed Bitcoin as a means to achieve financial independence after being debanked, despite operating a legal and functional mushroom farm. "So we were debanked as we were proceeding with, ironically, just a regular mushroom farm, not even the psychedelic mushroom farms," said Todd Shapiro, CEO of Red Light Holland Corp, in an interview. Arch Public will facilitate the buying of Bitcoin through automated trading strategies (algorithms). Their approach involves buying Bitcoin on dips and protecting the investment from loss, as all assets won't be sold for less than the original cost. It supports dollar-cost averaging strategies, adjustable monthly allocations, and flexible plans to streamline the creation of an innovative, behavior-based Bitcoin portfolio. "We are excited to partner with Red Light Holland to support their Bitcoin Balance Sheet strategy. Our algorithms remove emotional biases, allowing companies like Red Light Holland to accumulate intelligently, safely, and reconcile instantly while not being distracted from their core day-to-day business," said Tillman Holloway, Co-founder and CEO of Arch Public. The partnership shows that Red Light Holland wants to combine decentralized finance with its larger goal of making new things in wellness and psychedelics. Red Light Holland teams up with Arch Public for Bitcoin Strategy first appeared on TheStreet on Jul 25, 2025 This story was originally reported by TheStreet on Jul 25, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
7 days ago
- Business
- Globe and Mail
Red Light Holland Selects Arch Public for Bitcoin Purchases on Recommendation from Advisor Scott Melker
Toronto, Ontario--(Newsfile Corp. - July 25, 2025) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles in the legal, recreational market within the Netherlands, in compliance with all applicable laws today announced its selection of Arch Public Inc. as a key partner for executing Bitcoin purchases. This decision follows the Company's recent Bitcoin balance sheet strategy announcement on July 15, 2025, and comes on the recommendation of Lead Cryptocurrency Advisor Scott Melker. Arch Public's algorithmic trading platform will assist Red Light Holland in strategically accumulating Bitcoin, leveraging automated strategies to optimize entry points and enhance treasury diversification. Arch Public Inc. is an innovative algorithmic crypto trading platform specializing in Bitcoin and other cryptocurrencies, designed to deliver returns through emotion-free, data-driven trading. Their Bitcoin-specific services include strategic accumulation during market dips, arbitrage algorithms that ensure sales only above cost basis for principal protection, and customizable strategies for asset growth and yield generation. With back tested results demonstrating strong performance, Arch Public aligns perfectly with Red Light Holland's goals of financial resilience and innovation in decentralized finance. "On the advice of our trusted advisor Scott Melker, we've chosen Arch Public to streamline our Bitcoin acquisitions," said Todd Shapiro, CEO of Red Light Holland. "Their platform's focus on smart, automated accumulation and risk management will help us with our Bitcoin balance sheet strategy, aimed at minimizing volatility exposure. This partnership is a natural extension of our commitment to embracing cryptocurrency as a hedge against traditional market uncertainties, empowering our continued goals of growth in the psychedelics sector." Scott Melker, lead Cryptocurrency Advisor to Red Light Holland, added: "Arch Public stands out for its sophisticated algorithms that aim to outperform simple buy-and-hold strategies. I recommended them to Red Light Holland because their tools provide the precision and efficiency needed for corporate Bitcoin integration, focused on long-term value creation." Tillman Holloway, Co-founder and CEO of Arch Public, commented: "We are excited to partner with Red Light Holland to support their Bitcoin Balance Sheet strategy. Our algorithms remove emotional biases, allowing companies like Red Light Holland to accumulate intelligently, safely, and reconcile instantly while not being distracted from their core day-to-day business. As our platform grows, we are gaining lots of attention from both retail customers and larger publicly traded companies, like Red Light Holland, and we are pleased to provide a service that helps." This collaboration underscores Red Light Holland's proactive approach to integrating blockchain and cryptocurrency into its operations, further supporting themes of decentralization and personal sovereignty in both financial and wellness domains. As previously announced, Red Light Holland is allocating up to C$2 million to Bitcoin and related assets. Key elements of the strategy include strategic investments up to C$250,000 per tranche, including an initial tranche on June 23, 2025, in which the Company invested C$210,000 in a Bitcoin ETF. For more information about Arch Public, visit About Red Light Holland Corp. Red Light Holland Corp. is an Ontario-based corporation engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe. The Company also offers a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with all applicable laws. Red Light Holland is dedicated to responsible adult-use psychedelics, fostering education, innovation, and accessibility in the sector. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company's performance, business objectives and milestones and the anticipated timing thereof, and costs in connection with, the execution or achievement of such objectives and milestones, including its plans to relating to the Bitcoin strategy and to work with Scott Melker and Arch Public and the stated goals of this consultant relationship. Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company's ability to carryout its plans relating to the Bitcoin strategy and to work with Scott Melker, Arch Public and achieve the stated goals of this consultant relationship. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to carryout its plans relating to the Bitcoin strategy and to work with Scott Melker, Arch Public and achieve the stated goals of this consultant relationship. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Yahoo
16-07-2025
- Business
- Yahoo
Debanking drives psychedelics firm to tap Scott Melker to drive Bitcoin strategy
Debanking drives psychedelics firm to tap Scott Melker to drive Bitcoin strategy originally appeared on TheStreet. Red Light Holland Corp. (CSE: TRIP), an Ontario-based psychedelics company, announced on July 15 that it has adopted a Bitcoin balance sheet strategy. The company is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, in addition to psilocybin truffles in the legal, recreational market within the Netherlands. Scott Melker is the host of The Street Roundtable and The Wolf of All Streets podcasts, joined Red Light Holland as its senior advisor and crypto czar on July said: "Red Light Holland's pivot to Bitcoin after banking challenges is pure grit and vision. This isn't just about smart investments; it's about building a decentralized future where people hold the power. I'm fired up to lead their Bitcoin strategy and help make Red Light Holland a beacon in both psychedelics and crypto." The psychedelics company said its decision to embrace Bitcoin is informed by its past experiences of having faced challenges with traditional banking, including being debanked by a Tier 1 bank. Red Light Holland CEO Todd Shapiro said: "Psilocybin users and Bitcoin holders are visionaries who crave mental and financial freedom. After navigating debanking by a Tier 1 bank, we embraced Bitcoin as our store of value, proving our resilience." Red Light Holland is going to allocate up to around $1.5 million (CAD 2 million) to Bitcoin and related assets. It is exploring the cryptocurrency as a "decentralized solution" to bolster financial resilience. The company's new balance sheet strategy includes investing up to around $182,000 (CAD 250,000) per tranche. Its initial investment of around $153,000 (CAD 210,000) in a Bitcoin ETF on June 23 has already delivered an impressive return, it said. Bitcoin hit a record high of $123,091.61 on July 14 and is undergoing a correction phase. As per Kraken's price feed, BTC was trading at $116,820.36 at press time. Debanking drives psychedelics firm to tap Scott Melker to drive Bitcoin strategy first appeared on TheStreet on Jul 15, 2025 This story was originally reported by TheStreet on Jul 15, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
