Fall into Bitcoin

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"The two worst months of the year also bring the best months: October, November, and December, which are powerhouse months for crypto."

Cryptocon newsletter 9/24/24

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"You might be interested to find out that, so far, Bitcoin has performed better this September than any other in its history, charting monthly gains of almost 7%!"

CryptoPotato newsletter 9/24/24

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As of this writing, the king of Crypto is trading at $60K. In the last week of September 2024, it touched the $65K resistance level, only to fall (slightly) to $63K.

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The fourth quarter (Q4) is here, and as Cryptocon points out, so are Bitcoin's best months. If it is trading in the mid $60K range, where will it be in December?

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Bitcoin by 2024 years-end

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"By the end of the first month of the quarter, the BTC price is believed to trade close to the pivotal resistance at $68,000.?The price is expected to trade around $73,500 to $73,700 by the end of the month.?This could close the yearly trade with a fresh ATH close to $75,000, offering a base to begin a fresh bull run."?CoinDCX

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"Based on the (historical) highs and lows of fast bitcoin cycles, I'd expect bitcoin to top $80,000 this year and $200,000 in 2025." Lou Kerner, co-founder of CryptoOracle Collective

"Based on the current market trend, it is possible that bitcoin may reach up to $100,000 by the end of 2024 and could potentially surpass $200,000 by the end of 2025." Michael Collins, chartered financial analyst and founder and CEO of WinCap Financial

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Max Keiser, a seasoned financial broadcaster and Bitcoin advocate predicts that Bitcoin will be $200K annually.

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Why it could happen

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Besides Bitcoin's historical Q4 (4th quarter) upswing, other factors point to a possible $100k price.

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The recent .5% interest rate cut by the Feds has not hurt the Cryptoverse but has been met with cautious optimism. Unlike the stock market roller coaster ride, prices have remained consistent.

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Tatiana Koffman, publisher of The Myth of Money, writes,

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"Bitcoin has evolved dramatically over the past 15 years, rising from obscurity to become a widely held asset by individuals and institutions alike. With its decentralized and scarce nature, Bitcoin has proven to be a unique asset, diverging from the traditional risk-return patterns seen in equities and bonds."

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The Securities and Exchange Commission (SEC) recently approved options for Bitcoin Exchange Traded Funds (EFT). This move is particularly significant because it catapulted Bitcoin into the six-figure range.

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As Koffman points out, Bitcoin has risen from obscurity to global recognition. The launch of Bitcoin spot ETF earlier this year saw traditional investors jump on the Crypto bandwagon.

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The spot ETF options give traditional investors another opportunity to enter the Cryptoverse using conventional vehicles. Time will tell how significant a boost will be, but past performance in the spot ETF market plays well for another influx of investors.

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I like Koffman's observations about the Bitcoin ETF options move.

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"It is, without exaggeration, the most significant advancement in the history of the cryptocurrency market.

With a regulated market, the OCC ensures protection from counterparty risks, allowing Bitcoin's synthetic notional exposure to expand without the Just-Too-Dangerous (JTD) risks that have kept investors on the sidelines."

(OCC—Office of the Comptroller of the Currency is an independent bureau within the United States Department of the Treasury established by the National Currency Act of 1863.)

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Bitcoin's (and the Cryptoverse's) next step is mainstream adoption, and the options market will play a vital role in this process.

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It could also be a significant player in its march to $100K.

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Another reason Bitcoin could reach this historic mark is also found in the traditional market investor.

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Because it is a long-play investment, investors can make long-term allocation calls.

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Bitcoin's high volatility factor makes it an attractive candidate for "volatility of volatility" investing. (Volatility is a statistical measure of the dispersion of data around its mean over a certain period.)

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This means significant gains are possible at lower premium investments, which may be difficult for high-risk investors to pass up.

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It has been argued that Bitcoin is a stable hedge against inflation and other economic uncertainties. Its brief history has shown that it is not immune to these uncertainties, but it reacts better than traditional investment options.

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The continued (and growing) global economic uncertainties, the upcoming U.S. presidential election, and war escalations will also factor into Bitcoin's rise in price in Q4.

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Why Bitcoin will not rise to $100K in 2024

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Cautious optimism will be a key factor. As mentioned earlier, the interest rate cuts have been favorable for the Cryptoverse but have not produced any moonshots—nor is it likely they will.

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There is too much uncertainty, and investor caution is the key to success and failure.

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While investment firms vie for investors' discretionary dollars, only the high-risk investors will invest. Some mid-level risk-takers will (cautiously) invest, and low-risk investors might add a few spot ETFs to their portfolio.

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Either way, it is an exciting time in the Cryptoverse.

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How it impacts everyday people

Bitcoin and the Cryptoverse are moving towards mainstream adoption and will impact humanity. This means the change that is coming will affect you.

It will take work and a willingness to change, but once it is embraced, it will help everyday people find a better life.

It is part of the future global economic landscape and must be something you are familiar with. ?

Education is critical, and intelligent investing is paramount for everyday people to navigate these bumpy roads.

The thought of change often scares everyday people back into old, comfortable living patterns. There is nothing comfortable about being uncomfortable.

However, IF change is to occur, you must weigh the length of your uncomfortableness against the lifetime of enjoyment.

In other words, is it worth the temporary discomfort to avoid a lifetime of complacency and lack?

If your answer is YES, you can follow along and learn how to make a change by being educated in the cryptoverse.

I am committed to the cryptoverse, which offers a path to help you change and find financial freedom.

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I'm not a financial planner, so I don't offer financial advice. I am an avid student of the cryptoverse who is willing to make the things I learn available to everyday people willing to take a chance, change, and explore your financial freedom in the cryptoverse.