The Wolf Of All Streets Bitcoin To Reach 200k in 2025? | Crypto Town Hall
Jan 7, 2025
Joining the discussion are Dave Weisberger, a seasoned market maker, and David Tao, an insightful analyst. They delve into Bitcoin's potential to reach $200,000 by 2025, influenced by macroeconomic factors and the incoming presidential administration. Dave explains how Bitcoin could decouple from traditional markets, while David emphasizes the optimistic outlook for crypto in the face of economic shifts. They also touch on the historical parallels between Bitcoin and gold, igniting conversations about the future of cryptocurrency as a valuable asset.
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Bitcoin's On-Chain Strength
- Bitcoin rallied above $100,000 despite a strengthening dollar, contradicting the expected inverse correlation.
- This suggests on-chain factors, like decreasing exchange balances, might outweigh macro influences.
Bitcoin's Decoupling Potential
- Bitcoin's correlation with the S&P 500 is high, raising concerns about its performance during a market downturn.
- However, strong on-chain factors, like the supply deficit until mid-2025, could lead to Bitcoin decoupling and rallying independently.
Bitcoin and Market Crashes
- Bitcoin's reaction to an S&P crash depends on the nature of the crash.
- A severe crash might force Bitcoin sales due to liquidity needs, while a gradual decline could allow it to decouple.