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Carl Runefelt raises concerns about a suggestion to freeze BTC, arguing such a move would destroy the cryptocurrency instantly.
He questions whether freezing holdings belonging to high-profile holders like Michael Saylor could happen due to legal or tax reasons, and casts doubt on whether this is technically possible. Runefelt considers the idea of freezing BTC as unexpected, especially coming from a crypto leader like Binance founder Changpeng Zhao.
Runefelt previously reported a significant 18 percent decline in BTC following his earlier prediction, as detailed in his recent analysis. Earlier, he noted a sharp drop in crypto markets and stated he was leaving the sector to focus on music projects, according to a separate update. His recent comments follow these prior assessments of shifting conditions in the crypto space.