bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights
‹ BackNewsWilly Woo

Willy Woo

Bitcoin
2026-09-01 10:48:53

Willy Woo says Bitcoin could map to $5 million if it wins a global hard-money role

Bitcoin analyst Willy Woo said in a response to investor Gary Cardone that gold’s current market value is about $32 trillion, but that figure would be closer to $103 trillion if gold were still carrying the role of a global monetary anchor. Woo argued that viewing gold mainly as a financial asset reflects a long-standing misconception shaped by the U.S. government and Wall Street, while gold itself functioned as money for thousands of years. Using that framework, he said Bitcoin is competing to become a global hard-money asset similar to gold, which would imply a price of about $5 million per coin. Woo also contrasted the age of hard-money history with the modern fiat system, saying the global fiat regime has only been operating for roughly 55 years and looks more like an experiment when set against thousands of years of monetary history.

750
Willy Woo says Bitcoin could map to $5 million if it wins a global hard-money role
Bitcoin
2026-08-31 11:11:01

Willy Woo says Bitcoin’s future role hinges on global adoption rate

On-chain analyst Willy Woo said in a post that about 4% of the world’s population currently holds S&P 500 assets, 4.5% holds gold, and 5% holds Bitcoin (BTC). He argued that Bitcoin’s future penetration rate will determine how it is classified. At the current level, with roughly 5% of the global population holding BTC, he said the asset is still viewed mainly as a financial asset. If that share rises to around 50%, Woo said it could point to a world where money is separated from the state. His remarks frame Bitcoin’s long-term role not just around price or market size, but around how widely it is held across the population.

660
Willy Woo says Bitcoin’s future role hinges on global adoption rate
CZ
2026-08-04 06:53:51

CZ says exchange custody may be safer than self-custody on a statistical basis

Binance founder Changpeng Zhao, widely known as CZ, said on Aug. 4 that, from a statistical point of view, storing crypto on exchanges may be safer than holding it in self-custody, assuming the underlying data is accurate. He said centralized exchange hacks are easier to track because they often become major news, while hacks, losses, and other incidents tied to self-custody frequently go unreported, making that data harder to collect. Zhao also noted that failed exchanges can distort the quality of exchange-related loss data. He added that Binance, along with some other exchanges, has historically provided user protections against hacks. At the same time, CZ stopped short of declaring one model superior, saying each comes with a different risk profile and product setup that may suit different users. He described a balanced approach as potentially the best option. Zhao was referring to a post from crypto analyst Willy Woo, which said 1.57 million BTC had been lost through self-custody, compared with 1.51 million BTC lost on exchanges.

1630
CZ says exchange custody may be safer than self-custody on a statistical basis
CZ
2026-08-04 06:56:53

CZ says custody has no clear winner in response to Bitcoin loss data

Binance co-founder Changpeng Zhao, known as CZ, reposted a post from analyst Willy Woo discussing Bitcoin loss statistics and said that, if the numbers are accurate, exchange custody may look safer than self-custody from a statistical standpoint. Zhao noted that exchange hacks are easier to count because they are usually public, while thefts or accidental losses tied to self-custodied wallets often go undisclosed, making that side of the data harder to capture. He also said exchange figures are affected by incidents involving platforms that later collapsed. Zhao did not argue that one model is universally better. Instead, he said different custody methods suit different users and that a balanced approach to holding assets may be the better option. The discussion followed Woo’s earlier figures showing about 1.57 million BTC permanently lost through self-custody, compared with about 1.51 million BTC lost through exchange hacks, failures and related incidents.

1720
CZ says custody has no clear winner in response to Bitcoin loss data
Changpeng Zha
2026-08-04 06:53:00

CZ says exchange custody looks safer than self-custody on a statistical basis

Binance founder Changpeng Zhao said that, from a statistical point of view, keeping crypto on exchanges appears safer than storing it in self-custody wallets. He made the comment while responding to custody security data shared by Willy Woo. According to Woo’s figures, self-custody wallets have cumulatively lost about 1.57 million BTC, while exchanges have lost about 1.51 million BTC, leaving the two totals close to even. Zhao argued that hacks affecting exchanges are easier to track and often make headlines, while losses and theft on the self-custody side are harder to measure because many incidents are never reported. He also said the exchange data is weighed down by failed platforms that have already gone bankrupt, while exchanges such as Binance have fully compensated users for platform-side hacks. Zhao added that he was not arguing one storage method is universally better, saying each comes with a different risk profile and may suit different types of users, with a balanced approach possibly being the safer choice.

1840
CZ says exchange custody looks safer than self-custody on a statistical basis
Bitcoin
2026-08-03 15:27:26

Willy Woo says ETFs and custody have benefits, but Bitcoin sovereignty comes with self-custody

Bitcoin market participants are revisiting the trade-off between self-custody, institutional custody, and spot Bitcoin ETFs after a firmware vulnerability in the Coldcard hardware wallet and the theft of more than $80 million in BTC. Responding to that debate, well-known analyst Willy Woo said he is not opposed to ETF products or custody solutions and acknowledged that both can help Bitcoin gain broader recognition and connect with the traditional financial system. Still, Woo argued that Bitcoin stands apart as the only truly sovereign mature digital asset. In his view, it has no nationality and cannot be blocked, diluted, or confiscated by a state in the same way as traditional assets, but that characteristic is only fully realized when holders control their coins through self-custody. Woo also pointed to Ray Dalio’s study of 1,500 years of history, saying stability itself is cyclical. If that cycle turns, he said, people may need reserves that can protect them during periods of disruption. He added that custodial institutions can fail and governments have confiscated assets in the past and may do so again. Based on that view, Woo said the current environment is in the later stage of the cycle and suggested allocating 15% of assets to sovereign assets such as Bitcoin and gold.

1820
Willy Woo says ETFs and custody have benefits, but Bitcoin sovereignty comes with self-custody