

Bitcoin To $400K, Solana To $420, Ethereum Not Worth Owning | Joe McCann
21 snips May 11, 2025
Join Joe McCann, founder and CEO of Asymmetric, as he dives deep into the future of Bitcoin, predicting a rise to $400K. With over 25 years in trading, Joe shares insights on why traditional market cycles may no longer apply. He discusses the intriguing recovery of Solana and the role of AI in revolutionizing blockchain. Joe also critiques Ethereum's value compared to emerging rivals and delves into the fascinating world of meme coins, all while navigating the evolving dynamics of cryptocurrency investments.
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Trump Tariffs Cause Self-Induced Market Shift
- The Trump administration's tariff policy caused a self-induced market repricing that affected equities and crypto alike.
- This volatility is unique compared to past crises and can quickly reverse with headline changes.
Bitcoin's Correlation and Digital Gold Role
- Bitcoin's correlation varies by timeframe and trader type; it's small relative to gold or tech sectors.
- Bitcoin's role as digital gold may strengthen as more sovereigns adopt it on balance sheets.
Early Meme Coin Investment Anecdote
- Joe McCann's firm was the first hedge fund to buy meme coins like Bonk in late 2023.
- He bought Solana at $8 and Bonk at $28 million market cap, believing in their technology and cultural momentum.