Site Team

1 month ago

Bitcoin-related predictions are getting more and more optimistic despite the fact that the coin hasn’t been surging for a while.

The crypto market has instead been extremely volatile during the past few weeks.

At the moment of writing this article, Bitcoin is trading in the green on CMC and the most important coin in the market is priced at 10,350.02.

The major catalyst for the next BTC bull run

The co-founder and head of research at Fundstrat said that a healthy S&P 500 would be the major catalyst for the very next Bitcoin bull run.

In a new interview on CNBC’s Fast Money, Tom Lee says BTC has thrived when the S&P 500 is doing well.

“Bitcoin has stalled recently because the macro outlook has stalled. In a world without trend, Bitcoin doesn’t go up. So I think the next big catalyst is a decisive breakout in the equity markets because once equities reach an all-time high, Bitcoin becomes a risk-on asset,” Tom Lee said.

He continued and explained that “We published a piece today showing our clients that if you look at the last 10 years and take the three or four best years of the S&P, they’ve all coincided with the best years for Bitcoin. So Bitcoin does best when the S&P is up more than 15%.”

Lee also said that regarding the narrative that Bitcoin is emerging as a hedge against economic uncertainty and said that this is definitely a possibility.

Check out the video in order to learn more about what he had to say.

Bitcoin to hit an all-time high before the halving

It's been reported that a popular technical and fundamental crypto analyst on TradingView said that he believes that Bitcoin will hit a new all-time high before the next halving hits us in May next year.

FilbFilb cited Bitcoin’s stock-to-flow ratio as a key indicator for mapping out BTC’s future regarding price.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

+ 1.45%
Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
SportBet.io

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Binance

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Kraken

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Trending news

Advertise

Trending news

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Icon
Gemini

4.85

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
7bitcasino

4.20

Read Review - Website

Top Sportsbook
Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
1xBit

4.0

Read Review - Website

Site Team Author

226 Articles
7255 Followers