Bitcoin dominance is sitting at 58.35% at the time of publication. Source: TradingView
Dyme said to their 64,400 X followers that the altcoin market in 2025 will be “silly af” and said there could be higher risk/reward opportunities in assets from Dogecoin to Solana or a wider range of memecoins.
However, Dyme said existing Bitcoin holders should “stay the course and ride it up .” “Assuming, of course, the cycles continue,” he said.
Echoing a similar sentiment, Soap Capital CEO Tyler Durdan said in a Dec. 26 X post that the “next leg up will be glorious.” Durdan added:
“I’m toying with the idea that it may be the final legs and cycles are, in fact, still a thing.”
Cinnaeamhain Ventures partner Adam Cochran also appears to agree, saying that he believes a US Bitcoin Strategic Reserve has “low odds with current Congress” which would make it hard to see Bitcoin outperforming the rest of the market in the short term.
“Other assets will benefit from regulatory clarity, new launches, new ICO eras etc., and that will suck a lot of liquidity out of the room for BTC ,” Cochran said in a Dec. 26 X post.
Change in attitude to Bitcoin “from the top” in the US
However, some observers, including Blockchain Association CEO Kristin Smith, say the Bitcoin momentum is far from over, and there is still upside potential for newer investors even at this stage of the cycle.
In a Dec. 26 interview with CNBC, Smith said that Bitcoin will reach $200,000 before any likelihood of $50,000. This represents around a 108% increase from Bitcoin’s current price, according to CoinMarketCap data.
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