The David Lin Report Bitcoin Hits New High, Is $150k Next? | Jason Urban
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May 22, 2025 Jason Urban, Global Head of Trading at Galaxy Digital, dives into the wave of institutional adoption sweeping the crypto markets. He shares insights on Galaxy's strategic shift from Bitcoin mining to AI data centers post-NASDAQ listing. Urban predicts Bitcoin could soar to $150k, influenced by macroeconomic shifts and growing investor confidence. He highlights the changing landscape for altcoins, emphasizing projects with real use cases, while also discussing the complex interplay between Bitcoin and traditional markets as institutional interest rises.
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Bitcoin's Multifaceted Market Role
- Bitcoin behaves variously as digital gold, a currency, or a risk asset depending on the market context.
- Understanding Bitcoin's market role requires distinguishing these paradigms to interpret its price movements correctly.
Institutional Crypto Trading Uptick
- Institutional trading interest in crypto surged with previously uninvolved entities approaching Galaxy.
- This reflects a shift from crypto being a career risk to a career necessity with a strategic approach.
Institutional Adoption Limits Supply
- Institutional adoption and fixed supply constrain Bitcoin availability, limiting sell pressure.
- This constrained supply dynamic theoretically supports price appreciation in Bitcoin.