Real Vision: Finance & Investing REKT Vision: When Will Bitcoin Hit $100K?
Nov 29, 2024
Join Ovie 'OSF' Faruq and Michael 'Mando' Anderson, co-founders of Canary Labs and cryptocurrency experts, as they dive into the explosive trends driving the crypto market. They discuss the anticipated rise of Bitcoin towards $100,000, the unexpected performance of Ethereum, and how AI is influencing new token markets. Their insights also cover the intricate interplay between meme coins and established assets, offering a glimpse into the future of cryptocurrency investment strategies and market sentiment.
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ETH Price Potential
- ETH could reach $5K, a psychologically and technically achievable level.
- An ETH ETF exists, unlike other altcoins, offering a potential catalyst for significant price appreciation.
Forgotten Altcoins Rally
- Forgotten altcoins experienced significant price increases, possibly due to renewed interest from less active investors.
- This suggests a potential shift in market dynamics as investors rediscover previously overlooked assets.
Year-End Risk Management
- Consider reducing risk at year-end due to cooling global liquidity, a leading indicator for Bitcoin.
- Prepare for potential sideways price action and reallocate to less risky assets.