David Hoffman Discusses Bitcoin Outlook and His Altcoin Entry Prices

David Hoffman, once one of Ethereum's loudest cheerleaders, has shifted gears — selling his ETH stack and rotating into a basket of altcoins. The Bankless co-founder recently shared his take on Bitcoin ($BTC) on X, noting that the price is drifting toward its 200-week moving average, though he doesn't expect it to break below that level.

Hoffman pointed out that Bitcoin has only traded beneath the 200-week MA a handful of times, and each occasion followed a genuinely traumatic event — the Terra (LUNA) collapse, the Three Arrows Capital (3AC) implosion, and the FTX bankruptcy. The kind of moments, in other words, that give crypto a long collective memory.

By that standard, he argued, the current chatter around Strategy's $BTC sale and its STRC perpetual preferred stock issuance — both Michael Saylor ventures — is small change compared to the existential panics of years past.

Hoffman also fielded a user question about his entry prices across the new portfolio, revealing he picked up $NEAR at roughly $1.40, $HYPE near $45, $ZEC around $560, and $LIT at about $1.35.

Related News: Former Ethereum Maximalist David Hoffman Reveals He Bought 5 Different Altcoins With All His Profits After Selling All His ETH Holdings.

In earlier comments, Hoffman said he split the proceeds from his ETH exit roughly in half — deploying about 50% into VVV, $NEAR, $ZEC, and $HYPE, with the remaining 50% going into $LIT.

*This is not investment advice.