qfx According to some astute folk in business suits who dabble in industry reports, these old-fashioned, flintlock banks have started to make themselves the villains in our financial fairy tale. It seems they have painted themselves into a corner, where darkness reigns, and cries of “regulatory gap!” echo through the halls.
It’s a funny thing, this business. Folks lookin’ at it sideways, callin’ it fool’s gold all through late ‘25. A real test, they say, to see if this whole “Digital Asset Treasury” idea is somethin’ solid or just air.
In a move that screams “I told you so” before anyone even asked, Bloomberg Intelligence’s senior commodity strategist Mike McGlone took to X (formerly known as Twitter, because why not add more chaos?) on Jan. 25 to share his hot take. Apparently, Ethereum is flirting with the lower end of its $2,000-$4,000 trading range, and McGlone is betting on a breakup-the kind where one party ends up crying into their blockchain.
He paints a picture, bold and bright, of a tenfold surge in Ethereum’s dance, fueled by:
Not so long ago, families in this predicament faced uncertainty about the basics: Does crypto count as property? How does one fit it into an estate plan? Fear not, darling, for rules around wills and trusts in many jurisdictions have been updated to accommodate these digital trinkets.
His map, a labyrinth of numbers and whimsy, stretches from the lofty heights of the mid-$80,000s to the murky depths of the low-$50,000s. Yet, he declares with a shrug, “I’m not a buyer yet,” as if the very act of purchasing Bitcoin were a game of cat and mouse with fate itself. Meanwhile, Aksel Kibar, another soothsayer of the charts, mutters of “base building,” his eyes fixed on the mid-$70,000s as if they held the secrets of the universe.
CoreWeave, once a humble Bitcoin miner, is now living its best life, hitting highs not seen since November 10 of last year. It’s up nearly 60% from its December slump, which is more of a comeback than most reality TV stars can claim.
Key takeaways, darlings:
According to the latest technical wizardry from a chap named Crypto Tice, gold has donned its shiny crown and is leading this merry dance, while Bitcoin finds itself at a rather pivotal crossroad, probably wondering if it left the oven on. This analyst has unveiled a weekly price chart that tracks both assets, revealing how gold’s price theatrics could dictate Bitcoin’s upcoming leap towards that tantalizing $245,000 mark-an amount that sounds more like the GDP of a small country than the price of a cryptocurrency.
Q: Do I care when the price of gold silver or Bitcoin go up or down?
A: No. I do not care.
Q: Why Not?
A: Because I know the national debt of the US keeps going up and the purchasing power of the US dollar keeps going down.
Q: Why worry about the price of gold, silver,…