The Bitcoin Layer Bitcoin Is Now a Macro Asset—James Check Explains Why $150,000 Is Coming
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May 15, 2025 
Join on-chain analyst James Check, co-founder of Checkonchain, as he dives into the evolving Bitcoin landscape. He discusses the shift from mining-driven cycles to behavior-driven dynamics, emphasizing how corporate treasury strategies affect Bitcoin's future. Key insights include the psychological factors influencing investor confidence amidst price fluctuations and the significance of the $150,000 price target. With patience highlighted as essential, Check provides a compelling analysis of how macroeconomic trends are shaping Bitcoin's trajectory.
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Bitcoin in Global Macro Shift
- We are witnessing a major global macroeconomic shift with the U.S. asserting new financial rules.
- Bitcoin now plays a role in this emerging sound money regime, signaling a historic inflection point.
Investor Resilience in Price Action
- Recent Bitcoin price action shows strong investor resilience through tough corrections.
- Investors held through a dip below their cost basis and now show confidence for higher prices.
Moving Beyond Four-Year Cycles
- The traditional four-year Bitcoin cycle tied to halvings is less relevant now.
- Market behavior is increasingly driven by human psychology and macroeconomic factors rather than fixed timelines.