Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Market commentator Miya has outlined an interesting theory on why the Bitcoin price is poised to hit $110,000 by the end of the year. The expert alluded to current macro conditions and how it is bound to favor the flagship crypto at the end of the day.
Why The Bitcoin Price Will Hit $110,000
In an analysis titled ‘The Big Short against Retail,’ Miya predicted the Bitcoin price to reach $110,000 by the end of the year. At the same time, the expert expects the S&P 500 to drop to 4,700. She opined that the stock market is heading towards a bad summer, which is why she expects a lower low on the SPX but a “pristine” Bitcoin.
Basically, Miya expects the Bitcoin price to benefit from any potential downtrend in the stock market, with investors viewing it as a flight to safety. She remarked that the market is heading towards a terrible macro situation, which could cause stocks to crash. These predictions came as the expert commented on the nine consecutive green days that stocks have enjoyed and why she believes it won’t last long.
The market commentator noted that Donald Trump has made three main promises to the market: lower rates, tariffs, and taxes. These promises are expected to be kept, and she claims that the market is pricing them in as a sure thing. Traders are currently betting on a rate cut in June, while the US and China are set to meet to agree on a lower tariff. Lower taxes could come following a successful tariff policy.
Thanks to this, the stock market has been on a nine-day-long uptrend, while retail traders have made profits by buying the dip. However, Miya has warned that the market isn’t as strong as it looks and could soon blow up, with the Bitcoin price benefiting when this projected crash happens.
Why The Stock Market Is Bound To Crash
The expert noted that this false idea of up-only gives retail investors the illusion of complacency, as they do right now with their $57 billion bid on top of retail accumulated shares. However, she remarked that eventually, this will unfold with the “containership recession trade” hitting the US in five days. BTC is expected to be a hedge against this macro situation, which would lead to a Bitcoin price surge.
Miya explained that all the ‘Magnificent 7’ earnings in the last season have been massively skewed and were “useless information,” meaning they cannot be relied on to show a strong market. She added that TMT firms that manufacture physical hardware usually manufacture in waves, so the actual impacts will show up in their H2 capex over Q1 results, meaning the impact of tariffs hasn’t exactly started kicking in.
At the time of writing, the Bitcoin price is trading at around $96,500, up over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.
Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.
With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.
Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.
Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.
Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.
Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
