The Milk Road Show

Have We Already Hit Bitcoin’s ATH? Ben Cowen’s S&P, BTC & ETH Predictions

7 snips
Apr 9, 2025
Guest
Ben Cowen
Ben Cowen, a renowned chart master and crypto analyst, dives into the current state of the cryptocurrency market. He discusses whether Bitcoin has peaked in this cycle and explores the potential for Ethereum’s resurgence. The conversation navigates the complex interplay between inflation, Fed policies, and asset prices, creating a rich tapestry of insights. With a keen eye on market trends, Cowen provides predictions for Bitcoin and Ethereum, pondering the effects of upcoming Bitcoin ETF launches and the overall economic landscape.
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INSIGHT

Lower Asset Prices and Inflation

  • Lower asset prices are necessary to combat inflationary cycles and loosen the labor market.
  • This reduces wage inflation and helps prevent it from becoming entrenched, ultimately aiding in refinancing debt and reviving the real estate market.
INSIGHT

Market Sell-off Factors

  • Declining overnight reverse repurchase agreements reflect liquidity returning to the system, propping up markets.
  • Multiple market weaknesses, like tariff uncertainty and rising unemployment, combined with lower liquidity create a perfect storm for a stock market drop.
INSIGHT

S&P 500 Drop Significance

  • A 20% S&P 500 drop is substantial, especially due to its rapid occurrence, potentially triggering margin calls and liquidations.
  • While 10% drops are common, 20% drops can signal recessions, with historical examples showing various outcomes.
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