Transcript
A (0:00)
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Please.
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B (2:01)
Talk about bitcoin, shall we? Let's, let's show this. Let's show this clip. Actually, you know, I'm still bullish on bitcoin in the fourth quarter. Seasonally Bitcoin strong. But now we have the Fed flipping.
A (2:18)
Dovish after being essentially hawkish all year. That's a tailwind for bitcoin. So I think bitcoin gets to 200.
B (2:25)
To 250,000 by the end of the year. And that aligns with Mark Newton's technical targets. Okay, Tom Lee. Shout out to Tom Lee if you're not familiar who Tom Lee is. Bitcoin bull. Somebody that's been. He's always bullish on bitcoin, but very intelligent person. He. He says that he sees Bitcoin getting to250,000 by year end. So there's only two months in the year. Bitcoin is currently at $110,000. So that would be over 100 increase in 75 days. He also said in unrelated. Well, and later on in that conversation that he sees Ethereum not now, but now get into $60,000. Wow. But he's always been a bull. Like I said, Tom Lee's always been. He's. He's been a bitcoin bull for years. So $250,000 in the next 75 days. Is that something that. Troy. Troy, you know what? Yeah, I'll say this. That is very lofty. So I'll use the historical data. Right. Based on bitcoins having cycles. The first year after a having cycle is usually the best year. Right. So 2012, first having cycle, 2013 being the next year, Bitcoin was up 7,000%. Right? 7,000%. 2016. So this is every four years. Right. So we went from 2012 to 2016. In 2017, Bitcoin was up 291%. 2020, right. That's the next cycle. 2021, the year after, Bitcoin was up 541%. Right. So these are huge jumps. 2024, we had halving last April. So this year we are now up 44% this year. Now, if we pay the law of averages, if we get up to maybe 90 to 100%, that would take us to about 147,000 to 150,000 for Bitcoin.
