Analyst Accidentally Predicts $110K Bitcoin, But Don’t Quit Your Day Job Yet

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James Toledano, legendary member in good standing of the World’s Most Cautious People Club, thinks bitcoin could hit $110,000. Before you start composing that “suck it, Dad” email, he’d like you to know: this rally is running more on hope than hard math, and he’s clutching his pearls about it. 🥴

Bitcoin’s Big Bounce, or: How I Learned to Stop Worrying and Love Sentiment

Apparently, President Donald Trump took a break from watching cable news to reconsider tariffs on China, calling a temporary truce with so much mutual side-eye you could hear it in the markets. Unity Wallet’s Jittery-in-Chief, Toledano, says this is now the little booster rocket Bitcoin needed… to maybe almost, sort of, hopefully, one day hit $110,000, if the wind is right.

Don’t break open the Champagne. According to Toledano, this “rebound” is more hollow than a kid’s chocolate bunny after Easter, since it basically comes down to the vibes given off by the world’s most prominent Twitter user. If you’d rather trust your life savings to fundamentals, join the club. James says he’d swap all this “excitement” for some actual math any day.

Yes, there’s demand. There are ETFs gobbling up bitcoin like it’s the last slice of pizza at a tech conference. But Toledano can barely get out of bed, worrying about “macroeconomic uncertainty.” Apparently, unless every hedge fund manager on Wall Street gets personally threatened by Satoshi Nakamoto (or, failing that, the SEC), don’t hold your breath for lift-off.

Remember when reciprocal tariffs slapped global bond markets so hard they’re still talking about it in therapy? Well, then the Trump team moonwalked those tariffs back, and stocks did their best impersonation of Lazarus, minus the biblical gravitas. Of course, tariffs hit 145%, China kicked a few shins right back, and somewhere, a trade lawyer bought another yacht.

After an extended session of mutually assured huffiness, someone decided it was time to play nice. Per TopMob, the U.S. and China agreed to “slash” tariffs by 115%. (If you’re not entirely sure what that means, just nod and pretend. I did.) Now, the U.S. takes only a 30% cut of everything that manages to drift over from China.

Sure, the press pronounced the trade deal a win, and a bunch of crypto traders started mentally pricing private jets. Careful, James Toledano still sees storm clouds:

Basically, if the world loses its mind, crypto assets have a history of running to the moon, or at least down the street to the liquor store. When stocks get nervous, bitcoin likes to wear sunglasses and pretend it doesn’t know them at all, even if they’re technically cousins.

While the stock market needs central banks and government policies like a plant needs sunlight (or, in my case, caffeine), crypto has mastered pretending it doesn’t need anyone. Decentralized, untamed, and largely uncontrolled except by the mysterious whims of Telegram channels, bitcoin is being cheered as your last-ditch “alternative store of value” for whenever you suspect we’re a week away from trading salt and goats.

So yes, if the world combusts—again—expect all assets to jump around nervously. But Toledano figures bitcoin and crew could outpace everything else, mostly because they’re just stubborn like that. 🚀

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2025-05-12 23:29