Bitcoin surged to a record high this week, surpassing $108,000, prompting widespread speculation about its next move in a volatile market. In a roundtable discussion on the milestone, Rob Nelson, anchor of Roundtable, hosted David Duong, Head of Research at Coinbase, and David Gokhshtein, Founder of Gokhshtein Media. The panel explored Bitcoin’s recent price fluctuations and its potential direction amidst shifting market conditions and political developments.
Nelson opened the conversation by noting Bitcoin’s recent oscillation around the $100,000 threshold. “It makes sense that it’s doing that,” he said. “Is it beneficial for Bitcoin to bounce around this level before advancing to its next phase?” Duong responded by framing Bitcoin’s behavior within broader macroeconomic trends, explaining, “It’s bouncing between being a risk asset and a macro asset.” He pointed to the uncertainty stemming from conflicting labor and inflation data, noting that market participants are grappling with what the Federal Reserve’s next move will be.
David Gokhshtein offered a more optimistic outlook, referencing his earlier bullish predictions. “While others were fearful, I said Bitcoin would continue to rise,” he remarked. Looking ahead, he referenced the potential influence of Trump’s crypto-related executive orders and expressed his continued bullish stance: “I’m bullish as hell.” Gokhshtein also shared the outlook from Cardano founder Charles Hoskinson, who believes Bitcoin could reach $450,000 by the end of its current cycle.
Nelson responded to these bold forecasts with cautious optimism, sharing his own price projections of $250,000 to $350,000. Turning to Duong, he asked for his take on such high targets. While Duong refrained from offering specific price forecasts, he noted, “The floor is a lot higher than it used to be,” suggesting that Bitcoin’s downside risk has significantly diminished.
The discussion also touched on the potential effects of regulatory changes expected in 2025. Duong remarked, “I think the new regulatory framework could limit opportunities to acquire Bitcoin at previous lows,” highlighting the evolving nature of the crypto market as it matures.
As Bitcoin continues to hover above the $100,000 mark, the panelists agreed that its future movements will largely be influenced by macroeconomic signals, regulatory developments, and shifts in investor sentiment. With 2025 poised to be a pivotal year, the leading cryptocurrency’s trajectory remains an intriguing subject of debate.
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