The Wolf Of All Streets

Can Bitcoin Hold $100K Amid Global Chaos? | Macro Monday

13 snips
Jun 23, 2025
Joining the discussion are Dave Weisberger, a cryptocurrency expert known for breaking down market trends, Peter Tchir, a geopolitics specialist analyzing global financial impacts, and Mike McGlone, a macro strategist who delves into economic situations. They explore the resilience of Bitcoin amid geopolitical chaos, the effects of U.S. military actions on markets, and whether Bitcoin can retain its strength over $100K. The trio also discusses economic uncertainties, market fragility, and the implications for both stocks and the crypto landscape.
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INSIGHT

Iran's Limited Military Impact

  • Iran is militarily weak and unlikely to close the Strait of Hormuz.
  • China benefits from the strait staying open, influencing Iran's actions to avoid disruption.
INSIGHT

Bitcoin as a Risk-Off Asset

  • Bitcoin is holding above $100K despite altcoins dropping significantly.
  • This shows Bitcoin behaves more like a risk-off asset similar to gold in volatile markets.
ADVICE

Beware Market V-Bottom Expectations

  • Expect markets to move within trading ranges rather than sharp V-shaped recoveries.
  • Rarely do oversold markets bottom instantly without further consolidation or testing lows.
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