Comrade, once again the iron-hearted engine of speculation has hauled Bitcoin over the $100,000 precipice—third time now, in this winterswept era since December 5, 2024. Presently, the digital mammoth sits at $100,794, climbing 4.11% from a pitiful day’s low of $96,150. You’d think it was gas prices, not crypto, with numbers shooting up in such fashionable chaos.
And who do we find shouting from his citadel of optimism but Michael Saylor, that self-appointed oracle of the digital proletariat? Saylor, Executive Chairman of Strategy, foresees Bitcoin not walking, not running, but pole-vaulting toward $200,000. Perhaps he thinks money grows on the blockchain—or maybe he’s simply run out of bond movies to watch.
Dominance in the market—Bitcoin’s, not your uncle Ivan’s—has swollen above 60%. Suddenly the multitude remembers Bitcoin, ignoring altcoins as though they were yesterday’s bread crusts. In the December and January surges, such dominance barely scraped above 54%. And now, as if by decree, the crowd puts aside their meme coins, gazing hungrily at the one true digital sausage.
But don’t be fooled: in the shadowy corridors of power, deals are whispered. The latest price leap ties itself to whispers of a US–UK trade pact, with President Trump prophesizing on social media, as though Bitcoin’s fate rested not in algorithms, but in dealmakers’ sweaty palms. Add to this soup the falling bond yields, the trembling dollar, and suddenly even the oligarchs in their marble offices are piling into Bitcoin ETFs to the tune of $1.8 billion last week. Farside Investor should charge for this much drama!
As for the future, a fellow by the name of Ben Caselin from VALR, waving his marketing officer banner, dreams up $110,000 for Bitcoin in the near future. He claims the retail mob has yet to trample onto the scene, waiting for the latter act of this grand four-year cycle—no doubt so they can buy high and tell stories to their grandchildren about the golden age of digital coins.
The daily chart? A brutalist tale—Bitcoin bouncing from $93,645, now the bulls are manning the ramparts, the Relative Strength Index at 76, shouting “Onward!” If only tsarist Russia had such enthusiasm for reforms.
Bullish cries echo, charts sparkle like dew on a miner’s helmet, but the wise know this parade depends on the numbers that come next, from the holy texts of the US budget and that ever-mysterious Consumer Price Index. The cryptoverse waits—hungry, paranoid, and slightly richer than before. Will Bitcoin rise forever? Ask it after the next economic report… or after Michael Saylor buys another yacht. 🛥️📈
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2025-05-08 20:34