Willy Woo Described Bitcoin as the “Perfect Asset” for the Next 1,000 Years
Willy Woo described Bitcoin as the “perfect asset” for the next 1,000 years during the Baltic Honeybadger conference in Riga, Latvia. He said Bitcoin will not match the gold market cap or US dollar money supply unless it gains significantly more capital.
“The thing is, you don’t get to change the world unless this monetary asset — in my opinion, the perfect asset for the next thousand of years — does not get to do its job unless capital flows in and gets big enough to rival the US dollar,” Woo said.
The Bitcoin market cap is $2.42 trillion, which is less than 11% of the gold market cap at $23 trillion. The US dollar money supply is $21.9 trillion.
Woo shared the panel with Danny Knowles, Leon Wankum, Max Kei, and Adam Back. The session was titled What’s Next for Bitcoin.
Bitcoin Treasuries Boost Adoption but Carry Debt Exposure
Woo said Bitcoin treasuries held by companies are increasing adoption but warned that their debt structures remain largely unknown.
“No one’s really publicly looked deeply into the debt structuring, so I absolutely think the weak ones will blow up, and people can lose a lot of money,” he said.
Woo added that some altcoin treasuries follow similar strategies, which could lead to another bubble.
He questioned the stability of Bitcoin treasuries during a bear market. “What happens to the bear market? Who’s swimming naked and how many coins get slapped back out into the market?” Woo asked.
Reliance on Bitcoin ETFs and Custodians Increases Centralization Risk
Woo noted that many large investors are not using self-custody for their Bitcoin holdings. Instead, they choose Bitcoin ETFs or corporate holdings such as MicroStrategy. Custody services like Coinbase Custody are also used by pension funds and institutional investors.
He warned that this approach could leave large amounts of Bitcoin within reach of governments, creating a potential centralization risk.
While Bitcoin ETFs and corporate holdings allow more capital to enter the market, Woo said they also introduce the possibility of state-level asset seizures.
Self-Custody Expected to Spread Through Companies
Max Kei, CEO of Debifi, a Bitcoin self-custody platform, said the practice will grow step by step.
“[The companies will] learn how to self-custody, and they’re going to do self-custody. Then there’s individuals within these companies [who will] learn about that. And then effectively it’s just going to spread out massively,” Kei said.
Kei explained that the process will likely begin with custodians, then move to companies, and eventually reach individual users.
Adam Back Says Companies Remain Key for Bitcoin Adoption
Adam Back, CEO of Blockstream, said businesses are still the most logical entry point for Bitcoin adoption.
Using Bitcoin’s expected future performance as a benchmark, Back said:
“If a company can’t beat Bitcoin, they should close up shop and buy Bitcoin.”
Back added that businesses with strong operations can still integrate Bitcoin into their activities, noting that it does not have to be their only focus.
Bitcoin Price Surges Toward $122,000 With Bullish Technical Signals
On August 11, 2025, Bitcoin traded at $121,942 on the four-hour chart, marking a gain of about $3,875 from the recent low near $118,067 recorded earlier in the week. The price has risen steadily over the past sessions, breaking above the 50-period exponential moving average (EMA) at $116,875, which now acts as a key support level.
Trading volume shows a pickup in activity, with the latest bar indicating 162 BTC traded on the Bitstamp exchange for this timeframe. This increased volume has accompanied the price breakout, suggesting that buyers are actively participating in the move higher.
The Stochastic Momentum Index (SMI) reads 83 for the blue line and 76 for the orange line, placing both in the overbought zone above 70. This indicates strong bullish momentum in the short term but also suggests that the market is approaching conditions where a pullback or consolidation could occur if buying pressure slows.
The chart shows that Bitcoin has cleared a consolidation range from late July to early August, where the price traded sideways between roughly $114,000 and $118,500. Breaking out from this range with sustained momentum highlights a shift toward bullish control. The EMA slope is turning upward, reinforcing the trend direction.
Overall, the data points to strong upward momentum backed by increasing volume and a confirmed break above resistance. However, the elevated SMI reading means traders will be watching for signs of cooling momentum if price acceleration slows near the $122,000 mark.
Bitcoin RSI Reaches Overbought Zone as Momentum Strengthens
On August 11, 2025, the Relative Strength Index (RSI) for Bitcoin’s 14-period setting closed at 76.96, placing it firmly in the overbought zone above the 70 threshold. The signal line, represented by the yellow moving average, is at 63.06, reflecting a strong upward trend that has accelerated in recent sessions.
The chart shows Bitcoin’s RSI climbing steadily since early August, moving from a neutral reading near 40 into higher momentum territory. This shift aligns with recent price gains that pushed Bitcoin toward the $122,000 level.
An RSI above 70 signals strong buying pressure and a dominant bullish trend in the short term. However, such levels can also indicate that the asset is approaching conditions where price consolidation or a short-term pullback may occur if demand eases. The current separation between the RSI value and the signal line suggests continued market strength, although traders will monitor for any divergence that could signal weakening momentum.