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Bitcoin’s Santa Pump: Wall Street Whales Eye $125K Price Target

source-logo  coinedition.com 27 November 2024 12:53, UTC

Crypto analyst Aaron Arnold, host of the Altcoin Daily channel, has revealed insider plans by Wall Street whales to push Bitcoin to $125,000. Dubbed the “Santa Pump”, this seasonal price surge is expected to precede widespread retail participation.

According to Arnold, Bitcoin’s path to these lofty levels is almost certain as it gains critical mass. Major institutional players, such as BlackRock and Fidelity, are continuing to increase their Bitcoin holdings.

Bitcoin Price Predictions: $745K to $1 Million

This sentiment is echoed by Pantera Capital’s Dan Morehead, who recently reiterated his bold Bitcoin price prediction of $745,000. Morehead believes that Bitcoin has reached “escape velocity,” thanks to a broadening ownership base and growing institutional adoption.

“Bitcoin is no longer going to zero,” he says, pointing to the 50 million U.S. owners and 300 million global users as proof of its increasing legitimacy.

The bullish sentiment is further reinforced by Michael Saylor’s long-standing belief that if Bitcoin isn’t headed to zero, it’s on track to reach $1 million. Saylor, along with experts like Cardano founder Charles Hoskinson, predicts significant upside for Bitcoin.

Specifically, Hoskinson argued that Bitcoin prices could reach anywhere from $250,000 to $500,000 within two years.

Trump’s Bitcoin Reserve Plan Boosts Optimism

Significant policy developments are also contributing to this optimism. U.S. President-elect Donald Trump has proposed storing government-owned Bitcoin in a national reserve is seen as a sign of Bitcoin’s increasing acceptance as a legitimate asset.

These developments, along with the ongoing rise in Bitcoin ETFs and capital inflows, suggest that the next major Bitcoin price rally could be closer than many anticipate.

Wall Street Manipulation

Arnold also pointed to Wall Street’s quiet accumulation of Bitcoin. Despite occasional public criticism—such as JPMorgan’s Jamie Dimon calling Bitcoin a “fraud”—these institutions are quietly accumulating Bitcoin behind the scenes. Major financial players, like Morgan Stanley, are already involved in Bitcoin through European funds and ETFs.

Arnold argues this behind-the-scenes activity sets the stage for a price surge that could see Bitcoin reach monumental figures. With institutional capital pouring in, he views the current market manipulation as an opportunity for those in the know to capitalize on the upcoming “Santa Pump.”

For investors, Arnold recommends having at least 10% of their portfolio in Bitcoin or Bitcoin-related assets and promising altcoins. As more financial advisors and experts suggest, exposure to Bitcoin is becoming crucial for future growth.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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