The Bitcoin & Cryptocurrency Investment Show podcast.
What a wild, bullish week it’s been on The Bitcoin & Cryptocurrency Investment Show—I’m Crypto Willy, here to break it all down for you like your best techie pal next door.
This first week of October absolutely lived up to its legendary “Uptober” hype. Bitcoin surged relentlessly, flirting with its all-time high set back in mid-August. Just yesterday, Bitcoin blasted past $123,000, with some platforms citing intraday trades scraping as high as $124,500. That’s just a stone’s throw from blue-sky territory. Wall Street is finally riding shotgun—JPMorgan analysts are calling for a $165,000 Bitcoin by year-end, hyping up Bitcoin’s cred as a hedge against inflation and currency devaluation. Meanwhile, analytics from Holder.io point out that if Bitcoin’s on-average October performance holds true, we could see prices hit $143,000 before we even crack open November. Even the AI crowd has joined in, with the folks at Finbold referencing ChatGPT’s projections: a base-case scenario near $132,000 by Halloween, and a bullish moonshot pressing $140,000 if ETF inflows and momentum stick around.
Now, the rocket fuel for this rally? Two things: The Federal Reserve finally got dovish, trimming rates and hinting there’s more easy money ahead. Market sage Alex Blume from Two Prime calls all this a “precarious rally,” arguing investors might be front-running a typical Q4 boom. But the Fed rate cuts, coupled with government budget drama and talk of new tariffs, are sending big money rushing into Bitcoin as a safe haven—just as the original whitepaper intended.
Ethereum joined the party, popping 9% on the week to crest over $4,500. Analysts like Michael van de Poppe are watching technicals close; he’s seeing all the bullish markers, including Bitcoin holding above its 20-week moving average and breaking downtrends at the $112,000 level.
Zooming out, there’s real action on the institutional front too. Major ETF products are seeing massive inflows. Citi upgraded price targets for both Bitcoin and Ethereum, while Kraken, the exchange giant, is seeking funding at a head-spinning $20 billion valuation right on the tail of its last raise. All this despite regulatory uncertainty hanging over crypto’s head, as the US government shutdown delays SEC decisions. SEC Commissioner Paul Atkins is now pushing for the agency to work closer with the CFTC—so keep your eyes peeled for news on the regulatory chessboard.
On the altcoin side, price moves mostly followed Bitcoin’s lead, with DeFi tokens and some L1 projects getting a fresh gust of enthusiasm. And if you’re a fintech nerd like me, Stripe just dropped Open Issuance via their Bridge tools, signaling even more bridging between crypto and digital finance in mainstream markets.
I appreciate all you curious coinheads out there for tuning in. Don’t forget to swing by next week for more news, price insights, and crypto banter—this has been a Quiet Please production. For more of my updates, check out QuietPlease dot AI. Stay safe in the blockchains, friends!
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This content was created in partnership and with the help of Artificial Intelligence AI