Crypto whales, bots, and the road to $1M

"Bitcoin will reach $1 million, I'm sure of it," declared Agne Linge, head of growth at WeFi and a veteran of the crypto industry. Linge has been immersed in the world of digital currencies for nearly a decade, and her confidence in Bitcoin's long-term potential is unwavering.

Linge's crypto journey began in 2012-2013 when she first learned about Bitcoin, though she was initially skeptical. "I'm like, this is internet money," she recalled.

It wasn't until 2016-2017 that Linge truly grasped the revolutionary nature of this new financial technology. "I read Alex [and Don] Tapscott's book [Blockchain Revolution] and I was like, 'This is going to be revolutionary, this is the evolution of what we had before.'"

Her path into the crypto world was unique. Rather than relying on online tutorials or learning from peers, Linge pursued a master's degree in digital currencies and blockchain. "At the time, there was the only one [university] offering such a degree," she explained. "I thought, 'Okay, if I want to study and understand what is happening, I have to do this properly.'"

While her formal education provided her with a deep understanding of the underlying technology, Linge acknowledges the complexities of navigating crypto markets. She highlighted the challenges posed by market manipulators and automated trading algorithms, making it difficult for individual traders to consistently profit.

"There are a lot of algorithms. We call them bots, robots. There are a lot of whales. Whales meaning people with a lot of money who can move the market and you will never understand what happened," she said.

Despite these challenges, Linge believes it’s possible to make a living as a crypto trader with the right approach. "If somebody would like to be a trader, then I would start with a very simple point, such as Bitcoin and USDC. And then you see, because the fluctuations are much less than you could expect with other coins."

Linge also cites the basic principles of supply and demand as the foundation for her $1 million Bitcoin price forecast. "We all know that Bitcoin has limited supply, right? So what is going to happen if there is more demand, the price is pushed. It's very straightforward."

Her optimism extends beyond Bitcoin, as she sees blockchain technology as the foundation for the future of finance. "Blockchain, in my opinion, will provide the rails for the financial future," she said.

In her current role as head of growth at WeFi, a new digital bank, Linge is working to bring financial services to the unbanked population, particularly in regions like Asia, Africa, and the Middle East. "You would be surprised by the percentage of people who have never had access to bank accounts," she explained.

Linge's journey and vision for the crypto industry offer a compelling perspective on the evolution of finance. As the world continues to embrace digital currencies and blockchain technology, her insights provide a glimpse into the transformative potential of this emerging landscape.

 

Listen to the whole interview on The Crypto Radio's live player or in the Community podcast.