Bitcoin’s been on a tear, ripping past $67,600 like it’s got rocket fuel in the tanks. Chart junkies are watching the ticker, fingers hovering over the buy button, ‘cause this beast shows no sign of chilling. It’s been creeping higher since August, and now traders are placing bets on a quick dash to $70K. The vibes? Bullish as ever.
Zerocap’s Chief De Wet Throws Down Big Calls
Zerocap’s Jonathan de Wet didn’t mince words this week, throwing out a bold call to all the market surfers. In a spicy investor memo, de Wet laid it down clear: Bitcoin’s gears are turning and $70K is coming faster than you can say HODL. His exact take? “We see [Bitcoin] at $70,000 in the coming weeks.” The charts are making moves, and that technical breakout? Yeah, it’s like a power-up nobody saw coming, except the ones who were already stacking sats.
Trump and Harris, Two Players Spinning the Bitcoin Narrative
But it ain’t all charts and TA. The political waves are rippling through the crypto seas, and they’re strong enough to capsize weak hands. Donald Trump’s making noise again, dropping hints about turning the U.S. into a full-on crypto mecca. Word on the street is he’s even considering building a Bitcoin reserve. That’s right—a whole country, stacking sats. Game theory goes wild.
Meanwhile, Kamala Harris, VP and crypto skeptic-turned-frenemy, is out here promising a framework for digital assets. She wants to balance the seesaw between innovation and regulation, but without squashing the market. Some think this rare political synergy could set the stage for Bitcoin to break its all-time high—Andy Lian, the blockchain wonk, agrees, saying Bitcoin might just pop its top next week if central banks keep trimming rates.
Macro Frenzy: Rate Cuts and China’s Wobbling Economy
And what’s driving this whole BTC train to the moon? It’s not just the stateside drama. The real alpha’s hiding in global finance. Major central banks are slashing rates like there’s no tomorrow, and that means more liquidity pouring into high-risk assets. Lian’s vibing with this, predicting BTC’s next ATH is just a hop, skip, and jump away.
But wait—don’t let the hopium fog your vision. De Wet’s throwing caution to the wind about China’s sketchy economic situation. The dragon’s dealing with debt that’s piling higher than Everest, and the GDP stats are looking soft. China’s going full-on stimulus mode, shoveling cash into the markets to get things moving again.
Yet, with all these dominos falling into place, the true believers know—Bitcoin’s got this. Even if the Middle East’s energy and trade flows shake things up, OGs like BitMex’s Arthur Hayes say, “Nah, it won’t hit us here.” So the whales keep swimming, and the markets just keep pumping.
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