This is funny from The Market Ear
Buy everything you can
That is Bernstein’s take on crypto. They write: “…add crypto exposure asap, Call us if you need help”. If you had regulatory concerns, the investment bank urges you to “invert your mental mind”. They see BTC at $200k by year end 2025.
King of prop trading
MSTR’s Saylor is the ultimate alchemist. The stock has exploded to the upside and RSI is at extreme levels. Bubble or not, but you are not early chasing this one.
Source: Refinitiv
Leverage mania
You issue bonds to buy BTC…and then you create 2x leverage on that. MSTU, 2x MSTR, gained 50% yesterday. A lot of value was created, but nobody produced anything basically. We love trading momentum, but make sure you understand this kind of leverage gets nasty both ways.
Source: Refinitiv
Overbought hotties
Tesla and BTC at very overbought levels…
Source: Refinitiv
You know things are hot…
…when the crowd starts chasing ARKK calls in size.
Source: GS
DOGE into S&P500!
Dogecoin now has a market cap of $53 Billion, more than 303 companies in the S&P 500.
Real interest rates are tearing higher with DXY.
There could not be a more hostile environment for crypto on a fundamental basis. See gold.
There is one argument for crypto but not so much BTC.
If you reckon that the credibility of crypto will rise under Trump, then it may not have reached its market share potential as a digital store of value (it is useless for anything else).
I might add that the DXY and interest rates tear is massively overdone so BTC might get one final push if it rolls.
Either way, sell the blowoff. MAGA is not good for crapto.
