FameEX Hot Topics | Bitcoin's "IPO Moment" Declared by Seasoned Wall Street Pro

Bitcoin is experiencing its “initial product offering” phase, says macro analyst and Wall Street veteran Jordi Visser. Speaking on Anthony Pompliano’s podcast and in a Substack post, Visser highlights OG holders quietly exiting positions. Long-dormant coins are moving “steadily, not in panic,” as fresh capital enters. New buyers accumulate on dips, gradually distributing supply across a vastly wider holder base—mirroring the structural shift seen in traditional IPOs.

“This is the moment early believers cash out, founders get rich, and VCs return capital,” Visser explains. The thrill of concentrated ownership gives way to the resilience of broad distribution. New long-term holders, entering at elevated prices, bring institutional-grade patience. “This is what success looks like,” he asserts. Bitcoin is passing the torch from visionaries to a more stable, fragmented ownership structure—essential for graduating from speculative asset to enduring monetary instrument.

Bitcoin has traded in a tight $106,786–$115,957 range over the past week. Visser draws parallels to post-IPO stocks: after lock-up expirations, early sellers offload shares while new investors build positions cautiously. Price consolidates, frustrating traders even as broader markets rally. The Crypto Fear & Greed Index has signaled “fear” since Wednesday, yet every dip attracts buyers. “The stock just… sits there,” Visser notes, emphasizing that consolidation, not collapse, defines this phase.

Underlying metrics tell a different story. ETF approvals roll on, hashrate reaches record highs, and stablecoin usage expands rapidly. “Bear markets have no buyers—price craters,” Visser contrasts. Here, Bitcoin holds firm, refusing new lows. The apparent disconnect from risk assets puzzles observers, but the real story is structural: ownership shifting from concentrated early holders to thousands of institutions and individuals. This distribution is Bitcoin’s maturation ritual, forging durability from revolutionary origins.

The “IPO” phase typically spans six to eighteen months; Bitcoin, accelerating the timeline, is about six months in. Visser predicts reduced volatility upon completion as supply disperses widely. Expect continued sideways action, lagging performance against risk assets, and sour sentiment in the interim. “There will be no clear signal,” he cautions. The breakout will emerge silently—the transformation is already underway, driven by relentless dip-buying, institutional accumulation, and fundamentals stronger than at any prior cycle peak.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.