what just happened to bitcoin all of a sudden it's primed hit 200k plus I mean there's been countless updates like the fact that Banks can now hold crypto that's big I mean everything is working together right now meaning Bitcoin already hit an all-time high and it's primed to go much higher up next is 120 150 or even $200,000 even former crypto hater Warren Buffett who literally called it rat poison now has ownership in a crypto Exchange in digital Bank very interesting and pair this with new regulations coming out of the us we are prime for
a golden age of crypto demand for institutional and National crypto adoption throughout the world is becoming more and more common so a lot is going on in crypto especially Bitcoin feels very very bullish right now feels like we're on the cusp of a pump but not everyone agrees that this is a good thing some say that institutions like Banks adopting Bitcoin goes against everything that Bitcoin in crypto has stood for from the beginning so let's dig into this and see just how high Bitcoin could pump this year all things considered we're going to break down
and no this isn't financial advice this is just coming from a guy who owns millions of dollars in crypto telling you his analysis Sab 121 so a whole lot of drama has been made about Sab 121 And it being taken down and it's surprising how fast this was rolled back but what does this actually mean well it's a good thing for anyone who's holding crypto Sab 121 forced companies to show crypto held for customers as both a liability and an asset on their balance sheets this made holding crypto unattractive because it made their financial statements
look riskier this looked especially bad for bank's financial statements but now that sabb 121 is gone the disincentive is gone meaning Banks can now hold crypto for its customers without this negative side effect this is what Michael sailor the famous Bitcoin bull was tweeting about by the way follow me on Twitter for more instant analysis of the market you're missing out if you're not the idea though is that this opens the floodgates for banks and other companies to buy up swaths of Bitcoin thereby pumping the price on paper it makes sense as of yet though
we haven't seen many if any banks enter the space sure the ETFs approved in early 2024 gave us a taste of what this could be like but there were other problems at the time massive SEC regulation legal action against the industry some crypto exchanges say they were debanked and shut out of the financial system entirely so let's just take a moment and reflect on how Bitcoin performed in 2024 against a headwind of Regulation now let's imagine what it could achieve with regulations supporting it a Tailwind propelling the market forward it makes Bitcoin predictions like 120k
or even 150k super believable 200k we'll get to that in a minute cuz there's another elephant in the room that we need to talk about first the Strategic Bitcoin Reserve making good on his campaign promises Trump has ordered his administration to evaluate the potential for a national digital asset stockpile this is part of his plan to make the the US the crypto capital of the world he's even appointed Senator Lumis to lead the subcommittee on digital assets this is big because Lumis was behind the Lumis Bill aka the bill that first proposed creating the Strategic
Bitcoin Reserve by buying 1 million Bitcoin that would be 5% of the total Supply purchased and off the market and held by the United States this would mirror the size and scope of the gold reserves held by the United States so these two moves alone send y bullish signal for two reasons the US buying a large amount of Bitcoin would make headlines and drive a whole lot of retail investment foming into the asset because they're like hey the government is buying it let me get some of this before Brazil does and two the US buying
a large amount of Bitcoin would likely Drive its allies and Rivals to do the same even anti- crypto countries like China have already becoming more open to it and three here's a bonus reason individual states could and probably would follow suit many states like Texas and Pennsylvania have already proposed holding crypto so I guess the general idea here is that the US actually pursuing any kind of Bitcoin or crypto Reserve would likely have some kind of cascade effect triggering more and more adoption across multiple levels of the global economy Nationwide Statewide on a personal individual
level more people would simply buy crypto because the US did it and they led the charge price-wise this could have an even larger impact than Banks holding it far larger but if both happen Banks and the us then numbers like 200k for Bitcoin doesn't seem impossible who knows what the ceiling could be although I'm not sure if I'm that bullish for that price right now and it ties into what Trump holds himself Trump's Holdings one thing I noticed on Trump's executive order of the Strategic Reserve was that it didn't mention Bitcoin it said all kinds
of cool stuff like Banning cbdc Central Bank digital currencies but it didn't name Bitcoin or any crypto in particular obviously the cryptos that make it into the Strategic Reserve would be the ones that would be most likely to pump so we want to know which ones those would be ideally ahead of you know everyone else some Clues lie potentially in what crypto's Trump himself holds not the Trump mcoin other things World Liberty Financial is one major source here his wallet is another if we look at World Liberty on Arkham we can see that they own
170 million of eth 60 million of wrapped Bitcoin 59 million of staked eth and a ton of money in stable coins and then positions like link a and Athena this account is actually far more Pro ethereum than Bitcoin but what about Trump's wallet what is he holding in there tons of meme coins trog Trump then usdc you some mtic there's tons of cryptos here so it's hard to get an exact sense of it all but all of his outflows are in ethereum ethereum after ethereum after ethereum so all of this points more towards ethereum than
Bitcoin which Echoes what I've seen elsewhere steno research is predicting ethereum will outperform Bitcoin in 2025 but look just because Trump seems to like eth doesn't mean it's absolutely going to be in the Strategic Reserve it's just a favorable sign either way though his activity in crypto does seem like want a strategic crypto Reserve like he personally would want this to happen it would just make him more money a lot of money like potentially more money than all of his real estate ever combined however there isn't a ton of evidence to suggest that he'd be
incentivized to put Bitcoin in there so does this dampen the 200k bullish predictions it's hard to say exactly because on one side you would say it's insane not to put Bitcoin in the Strategic Reserve like that is the whole Reserve right well would think yes but we can't say for certain that's where there is some uncertainty in the potential price Kyle's analysis another important price prediction comes from Kyle chisamore the head of research at fova during the last year or so he turned 10 Bitcoin into 40 Bitcoin around $4 million by trading Bitcoin he uses
onchain rules to determine the top and when he's going to sell any individual position he's in looking at data like the nupal chart he puts the current market top at around $120,000 cons conservatively the nupal chart helps you tell whether Bitcoin is full of unrealized profits or unrealized losses values above zero indicate that the network is in overall profit while values below zero indicate the network is in overall loss highly positive nupal values indicate an overvaluation of the Bitcoin Network and a relatively negative nupal value indicates an undervaluation of the Bitcoin Network so as you
can see we are dangerous ly near default horizontal top this is just one tool that Kyle uses but it helps him make a conservative estimate of bitcoin's future price action that way he can choose targets to take profits and as I said he's traded his way up to over 4 million up from $26 initially in Bitcoin years ago so he he knows what he's doing as far as analysis goes I take his advice over anyone else he gives trade signals week in week out helping Traders take profits like this this and this if you want
to follow his trades in real time real quick that'll be linked in fova Down Below in the description of this video now Kyle's analysis of $120,000 is conservative and that analysis is if the market jumps right up to 120k there's an exception the longer we keep consolidating around this 100K price range the higher the future price ceiling gets potentially much higher than 120k but what about the negative arguments against Bitcoin right now negative argument ments not all opinions on bitcoin being potentially institutionalized are positive some analysts argued quote the entire Bitcoin Community is now on
their knees for the banksters and begging them to hold it for them the fact is the true purpose of Bitcoin has been entirely lost years ago due to irrational Collective greed and delusion that has infected their cult concluding it won't end well others were more balanced saying that custodians were sometimes necessary however while prominent figures like Michael sailor are pro- institutional adoption likely because that would pump the price other figures like vitalic call his view batet insane and yes while institutional adoption would probably pump the price to 120 150 or even 200k we would be
straying pretty far from crypto's original decentralized Vision maybe this is just a brief period of more centralization before a future of less and less centralization more decentralization another argument here which stood out to me was the fact that crypto merging with financial institutions might expose us to new risk due to the financial sector's history of greed and money mismanagement after all just look at what happened in 2008 in mortgages are these guys really the ones who are going to take care of our crypto probably not we need to realize that we're on this path on
our own ultimately institutions can help but they're only going to help us to the degree that they are helping themselves so where do I think the price will go 120 150 200 K 500k well to explain I need to talk about this guy Warren Buffett Warren Buffett has made headlines in the past for on crypto again calling it rat poison saying crypto doesn't do anything saying he wouldn't touch it with a rotten stick he doesn't have a position in it well look at new Holdings a Brazilian digital banking company that has its own cryptocurrency arm
one way or another Warren Buffett is now making money from digital assets welcome to the club man this is interesting he has spent 2024 hoarding billions in cash us treasury bills skipping the opportunity to buy hot tech stocks that everyone else was losing their mind for but despite that he didn't skip on the crypto Affiliated Bank does this mean that Bitcoin is going to fly to 200k and Beyond absolutely right now no but I would say a conservative analysis you know $140,000 Bitcoin is totally feasible within the next 3 months if things go well and
if they keep going well 200k Bitcoin is feasible Within the next 12 months that's just the facts things are working for it right now it is an extremely exciting time so I'll see you next time I hope you have a profitable day [Music]
