Strive CEO Matt Cole argues Bitcoin treasury panic is overblown and predicts BTC could reach $120K by year-end.
Macro & Markets ·
Matt Cole of Strive has argued that concern around Bitcoin sales by treasury-holding companies is exaggerated, pointing to his own purchases during recent market moves. Cole contends that the market may have already found its bottom and has predicted Bitcoin could reach $120K before the year ends, framing the environment as entry into a bull market.
The statement contrasts sharply with the selling pressure from major holders. While Strategy and other institutions have been liquidating Bitcoin positions, Cole's view treats such sales as a temporary panic rather than a structural bearish signal. His willingness to accumulate during these periods reflects confidence that current prices do not represent sustainable lows.
What remains unclear is whether Cole's $120K forecast incorporates specific catalysts or relies on technical patterns, and whether other institutional players share his assessment of the selling pressure as temporary rather than indicative of broader weakness ahead.