Why Bitcoin Can’t Break Out: Former Goldman Exec Points to Two Key Headwinds
Despite strong institutional demand, Bitcoin’s price remains stuck in neutral—and according to Neoclassic Capital’s Joseph Bucella, there are two forces keeping it there.
Speaking to CNBC, the former Goldman Sachs executive explained that investors are rotating away from direct Bitcoin exposure and into crypto-related stocks.
Public firms like Coinbase and other companies with sizable BTC holdings are becoming the preferred way to gain exposure, effectively acting as substitutes for the asset itself.
At the same time, Bucella pointed to financial stress in the mining sector. Many miners are facing shrinking profit margins and, in some cases, running at a loss.
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Without lucrative AI or hyperscale computing contracts to offset costs, some are tapping into their Bitcoin reserves to stay afloat, adding further pressure on the market.
These combined trends—risk shifting and miner-driven selling—are limiting Bitcoin’s ability to rally, even as demand from ETFs and corporate treasuries remains robust.
Alexander Stefanov
Reporter at Coindoo
Алекс е опитен финансов журналист и крипто ентусиаст. С повече от 8 години опит в отразяването на крипто, блокчейн и финтех индустриите, той е добре запознат с комплексния и постоянно развиващ се свят на дигиталните активи. Неговите проницателни и провокиращи мисълта статии предоставят на читателите ясна картина на най-новите развития и тенденции на пазара. Неговият подход му позволява да разбива сложни идеи на достъпно и проницателно съдържание. Следете неговите публикации, за да сте в крак с най-важните тенденции и теми.
