“My dear, I unquestionably see an avalanche of evidence suggesting that it will bubble up to $1 million, while the arguments against it seem to vanish faster than one’s last holiday suitcase,” quipped Hunter Horsley, the illustrious CEO of the crypto asset management outfit known as Bitwise, on this delightful day, February 17th.
He rather provocatively inquired on that trendy little platform called X why, oh why, BTC isn’t dancing its way into widespread adoption and scaling up to that illustrious seven-figure peak, while producing a rather dapper list of predictions for our bemusement this year. 🎩✨
Ah, but what’s this? Investor Fred Krueger—yes, the one with a penchant for horror—is so terribly convinced that Bitcoin’s scalability woes are quite the impediment. Yet, he also whimsically noted that those wrapped versions of it prancing about on other chains seem rather engaging, don’t you think?
“You see, it appears our dear Bitcoin can be wrapped like a Christmas gift for interoperability. In fact, those ETFs, oh those delightful wrappers, somewhat abstract the custody and trading intricacies, making it more palatable for traditional investors,” Horsley chimed in, ever so astutely.
What, pray tell, is the finest argument against the gallant notion of Bitcoin becoming the diva of the financial world and frolicking toward that one million dollar milestone?
“I see a veritable mountain of evidence supporting its ascent, while the counterarguments dissolve like sugar in tea,” mused our melodious Hunter Horsley on this fateful day.
— Hunter Horsley (@HHorsley) February 17, 2025
Ah, Bitcoin in the Year of Our Lord, 2025
This splendid Bitwise bard regaled us with a delectable list of future spectacles he expects will catapult BTC into the stratosphere of popularity. Darling, hold onto your hats!
There shall undoubtedly be a tidal wave of investments into those charming spot Bitcoin ETFs, wouldn’t you agree? The eleven glittering products available in the United States have already seen an astounding $40 billion worth of glamorous inflows since their launch—a mere trifle over a year ago!
Our visionary Horsley optimistically predicted that an increasing number of corporations and enterprising nation-states will be joining the Bitcoin rapture in 2025. Imagine, a staggering twenty-two US states busy filing delightful legislation that’ll allow their treasuries to indulge in Bitcoin like it’s caviar at a cocktail party!
Wealth management firms will be frolicking to buy Bitcoin for their clients, while banks and other financial institutions will be twirling about providing services to help their clients reach this digital treasure. Such generosity!
Regulators are poised to deliver what our dear CEO affectionately calls “productive clarity,” while the ever-entertaining antics of global geopolitics and monetary policy will only elevate the need for Bitcoin to dazzling heights, darling!
“Expect to see a parade of reputable figures confidently showcasing their love for Bitcoin,” he added, winking ever so suggestively, “2025 will indeed be a watershed moment for our dear friend, Bitcoin.”
In delightful consensus, Bitcoin aficionado Mark Moss chimed in with, “This cycle is utterly distinct from all the previous ones.” He added, with a smirk, “There’s ETF demand, sovereign buyers, and corporations galore! It seems that new money is gobbling up supplies faster than one can say ‘cheerio!’”
Everyone frets about the timing of selling their Bitcoin when, my darlings, they should be fretting about not possessing enough!
This particular cycle? Quite unlike the previous escapades.
ETF demand, sovereign buyers, corporate treasure hunts. There’s new money stealthily absorbing the supply at scale!
Since the last “halving”, supply has behaved itself…
— Mark Moss (@1MarkMoss) February 17, 2025
The Price of Bitcoin: A Spectacular Outlook
Presently, our precious Bitcoin is playing coy, struggling to reclaim the six-figure paradise, let alone flutter towards that dreamy seven-digit valuation.
Oh, the drama! The asset has waltzed down 1.5% from its weekend highs, slipping below $96,000 during the Monday performance in Asia.
Though volatility appears to have taken a leisurely stroll, our adventurous asset remains within a rather tight trading range over the past fortnight, still teasing analysts with its attempts to find solid support.
#BTC, my dear friends!
Bitcoin is desperately clinging to the blue diagonal trendline support like a diva holding onto her pearls!
The light blue level of $97,700 is acting rather bratty as resistance, but don’t fret—BTC is just one audacious Daily Close and elegant retest away from a jubilant rally to the glorious $101k!
— Rekt Capital (@rektcapital) February 15, 2025
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2025-02-17 11:15