Why Bitcoin Could Hit $100K by Year-End, Says Eric Jackson

00:00 Zach

when you've looked at the data going back to past cycles where once things start to turn, they really do turn. And I guess as a second part of that question, where is your price target maybe for Bitcoin if you do expect some of those huge indicators to continue to hold?

00:15 Speaker B

Well, um, I think micro strategy's now sort of reached escape velocity. I mean, it's it's not it's almost too big to fail. Like it it's going to continue one way or the other. And I think it's going to continue to trade like a 3X Bitcoin ETF. And um, you know, whether that's I'm not going to opine whether that's a good investment decision or not. I mean, everybody's got to make the decision for themselves, but

00:40 Speaker B

I think it's going to continue. I think it's going to exist. I think though that there's not going to be this sort of uh copycat um wave of of followers. So, maybe like last year when that was the thing. Um, people used to say, well, then now this whole uh ecosystem of dats is is being created and that's going to just create an ever more, you know, upward demand for the instrument. And um,

00:58 Speaker B

Now, you know, with a few exceptions, I mean, I think like basically all those names are like the Walking Dead and uh, you know, will be gone soon. So, I don't think that's going to happen. But it is, it's definitely a super self-reflexive, um uh asset, Zach. I agree with you. And so, you know, a little success builds on success and, you know, it's sort of goes in waves and then that can continue to cycle up.