# 🚀 EVERYTHING’S RALLYING SO WHY ISN’T BITCOIN?

*The Silent IPO: Understanding the Shift in Bitcoin Ownership and What Lies Ahead*

By [DigitalChainSpace](https://paragraph.com/@digitalchainspace) · 2025-11-03

#bitcoin, #cryptomarket, #btc, #cryptoinvesting, #digitalassets

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![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f680.png) **EVERYTHING’S RALLYING SO WHY ISN’T BITCOIN?**

Investor **Jordi Visser** just explained what’s really happening and it’s _not_ bearish.

According to Visser, **#Bitcoin isn’t broken**, it’s in what he calls a **“Silent IPO.”** ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f92b.png)

Here’s the breakdown:  
![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4b0.png) _OG holders_ the early adopters are finally cashing out after holding for a decade.  
![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f3e6.png) _Institutions_ are quietly buying through ETFs, building long-term positions behind the scenes.  
![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/1f4ca.png) This isn’t a crash it’s a **transfer of ownership**, a handover from the old guard to the new wave.

Once this **distribution phase** ends, the fundamentals will kick in and that’s when $BTC enters its _next major chapter._ ![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/26a1.png)️![](https://cdn.jsdelivr.net/npm/emoji-datasource-apple/img/apple/64/26a1.png)️

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*Originally published on [DigitalChainSpace](https://paragraph.com/@digitalchainspace/🚀-everythings-rallying-so-why-isnt-bitcoin)*