Long-term Bitcoin holders are selling to diversify into ETFs, says Uphold’s Dr. Martin Hiesboeck. OG holders are realizing blockchain’s potential and exploring other projects. Early trader Owen Gunden transferred 3,549 BTC to an exchange. Dormant whales are also selling, including a 80,000 BTC whale inactive for 14 years.

Bitcoin’s compound annual growth rate (CAGR) is decreasing, indicating maturity as a hedge against traditional systems. CAGR has dropped to single digits for the first time in April. Institutional capital from spot ETFs is stabilizing the asset, leading to lower but steadier growth rates, according to Hiesboeck.

Bitcoin is entering a new phase, with original holders selling and new traders entering. Hiesboeck believes the Bitcoin versus altcoin debate is outdated. Focus should be on projects with potential to change the world, rather than old rivalries. OG holders selling off holdings is a sign of maturity, not a cause for alarm.

Read more at Cointelegraph: OG Bitcoiners Sell Holdings to Invest in ETFs and Diversification