News View Non-AMP

Bitcoin Will Rally To $100K After Fourth Quarter, Here’s Why

Published by
Anjali Belgaumkar

Dan Weiskopf, Portfolio Manager of Tidal Financial Group, sat down for a conversation with David Lin and discussed Bitcoin’s future outlook. The focus was on Bitcoin’s future, especially its potential to reach $100,000. The talk also touched on recent market trends, noting strong interest in Bitcoin ETFs as a possible boost for its price. Looking ahead, there’s hope that more platforms will approve Bitcoin ETFs, possibly pushing its price to $100,000.

Predictions and Volatility: The Path to New Highs

While some predict Bitcoin could go as high as $150,000 or even $1 million, Dan agrees it needs to hit $100,000 first. Dan also acknowledged Bitcoin’s volatility, saying big price drops like 50% to 70% could happen, drawing from their experience since 2017.

“We’ll go to new highs because I think in part because the ETF flows have been very strong of late. Yeah, and then I believe you’re going to have more platforms approving the spot Bitcoin ETFs in the fourth quarter, and ‘we’ll rally to 100K,” he said.

Big Investors and the Transformative Power of Bitcoin

He also discussed what’s persuading big investors to enter this cycle. He mentioned two key factors. Many argue that if you’re not invested in Bitcoin, you’re missing out, citing its strong performance over the past decade. This pressure can influence returns and client expectations.

However, he stressed a more profound reason: if you’re not embracing the transformation driven by Bitcoin and digital assets, you could face challenges. This technology has the potential to reshape industries, much like how the internet revolutionized businesses.

“A lot of people look at Bitcoin and crypto and don’t appreciate that with higher price comes more supply. We talk about 100K, I would expect more supply to come on the market as we move up, and that’s not really new news, but it’s greater demand that’s offsetting that supply,” he added.

Read Also : It’s Time for Spot ETH ETF: Here’s What to Expect from Ethereum Price Rally

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Could XRP Become a U.S. Strategic Reserve Asset?

The idea of the U.S. government holding XRP as part of a national reserve might…

April 22, 2025

Ripple News: XRP Futures Now Live on Coinbase, Is XRP ETF Next?

Coinbase Derivatives, LLC has launched CFTC-regulated futures contracts for XRP, adding to the growing list…

April 22, 2025

Big News: Pro-Crypto Paul Atkins Sworn In as SEC Chairman

In a huge development for the cryptocurrency industry, Paul Atkins has officially been sworn in…

April 22, 2025

Dogecoin Price Analysis: DOGE Faces Another Selloff as Altcoins Weakens Against Bitcoin

The wider crypto market may be attempting to follow the Gold price but the short-term…

April 22, 2025

Circle Payments Network Unveiled: Here is What You Need to Know

The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC. The CPN…

April 22, 2025

Avalanche Card Unveiled: Will It Spark Bullish Momentum for AVAX?

The Avalanche ecosystem has grown significantly in the past year backed by institutional investors seeking…

April 22, 2025