Crypto analyst Aaron Arnold has revealed insider plans by Wall Street whales to push Bitcoin to $125,000 in a seasonal price surge known as the "Santa Pump". Arnold believes Bitcoin's path to these levels is almost certain as it gains critical mass and major institutional players continue to increase their holdings. This sentiment is echoed by Pantera Capital's Dan Morehead, who predicts a price of $745,000, and Michael Saylor, who believes Bitcoin is on track to reach $1 million. Experts like Cardano founder Charles Hoskinson also predict significant upside for Bitcoin, with prices potentially reaching $250,000 to $500,000 within two years. The optimism is further reinforced by US President-elect Donald Trump's proposal to store government-owned Bitcoin in a national reserve. These developments, along with the rise of Bitcoin ETFs and capital inflows, suggest that a major price rally could be on the horizon. Arnold recommends investors have at least 10% of their portfolio in Bitcoin or Bitcoin-related assets.
- Content Editor ( coinedition.com )
- 2024-11-27
Bitcoin’s Santa Pump: Wall Street Whales Eye $125K Price Target