00:00 Speaker A
Let’s talk about Bitcoin. We’re seeing a move higher in a lot of cryptocurrencies today. Maybe a relief rally, but uh talk to us about the dynamics at play here. Is this a lasting rally?
00:11 Speaker B
I think the markets have been looking for a spark. Um, crypto markets tend to be, uh, you know, I I I’ve used the phrase liquidity suck, which means they basically act as a sponge for global liquidity, right? I think US uh liquidity is rising, it’s been on the move. Uh ISM is moving in the right direction. Global liquidity, China’s is is going to be spending. I think the spigots are going to be turned on for massive amounts of government spending uh once this is done. And maybe we’re seeing a little bit of front running that. I actually think we’re kind of in a sideways pattern for for for crypto in particular, sideways is a wide swath because it’s so volatile, right? So, but I do think we’re we’re mostly sideways, but at the same time, the short-term trends have turned bullish. And then the question is, do we have a a sustained spark to take advantage of the liquidity that’s clearly coming.
01:21 Speaker A
Let me bring in Polymarket here because we got some odds to disclose. 69% are betting that Bitcoin hits $80,000 in 2026. Do you think there’s enough liquidity coming to get Bitcoin to $80,000? And I’m looking at the price now at 71,000, 80,000 is not that far away. Bitcoin’s very volatile and yet 69% to me almost seems really low.
01:50 Speaker B
It does. Honestly, to me, the bigger question is can Bitcoin hit an all-time high this year? Because the numbers you’re the numbers you’re giving me are basically sideways action for Bitcoin, right? To me, right now, anything between 54 and 100 is sideways, right? And that’s that’s unfortunately the wide band given the historical volatility of Bitcoin that we’re going to find ourselves in until we until we choose a direction. I think given the amount of money printing coming, as I said, the direction is higher. and so in my mind, it’s 65% chance of of all-time highs before, you know, before the end of the year. And and so I’d be shocked if if we didn’t revisit certainly 100k, you know, um later this this year, fall fall probably at the latest. And then the question is, do we have enough impetus to go to, you know, 150k um this year or does it have to be next year? We’ll see.