The Wolf Of All Streets Bitcoin Is About To Explode To $140,000 - Here’s Why! | Macro Monday
May 5, 2025
In this enlightening discussion, Dave Weisberger, a trading market expert, Mike McGlone from Bloomberg, and macroeconomist James Lavish dive into Bitcoin's potential surge towards $140,000. They dissect macroeconomic factors influencing market trends, such as rising corporate investments and the effects of Federal Reserve policies. The trio also explores Bitcoin's distinct characteristics compared to traditional commodities, its correlation with global liquidity, and strategic insights for investors in the evolving crypto landscape.
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Mixed Macro Trends Affect Markets
- Gold is up 27%, crude oil is down 20%, and Bitcoin is largely unchanged this year.
- The market faces downwards pressure from valuations and weak earnings guidance.
Bitcoin's Unique Supply Inelasticity
- Bitcoin's supply is 100% inelastic, unlike any other commodity.
- This makes Bitcoin fundamentally different in how its value reacts to price changes.
Bitcoin's Rally Not Short Covering
- Short covering rallies are usually sharp and bursty, unlike Bitcoin's current 9-day grind up.
- Bitcoin's rise is a liquidity-driven accumulation rather than short squeeze.