Bitcoin
Macro Guru Hugh Hendry Betting on Bitcoin (BTC) and Lower Interest Rates for 2025 – Here’s Why
Hedge fund manager Hugh Hendry is betting on Bitcoin (BTC) and low interest rates next year.
Hendry says there “always two ever-present tail risks” in a short volatility investment strategy, which aims to profit off decreases in market volatility by selling options.
“Do you buy the call option that the Mag-7 become capitalized at 100% of GDP or that rates descend rapidly to the lower bound?
That’s why I keep hammering on about observing where stock levels are on the day of the next cut. I’m running a barbell: long BTC and long calls on <2% Fed Funds at year end 2025
I am of course exposed to a tracking error, that stocks surge and bitcoin is flat or down on some idiosyncratic news. I’m content to run that risk.”
Mag-7 refers to the “Magnificent Seven” tech stocks: Alphabet (GOOGL; GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA).
Hendry also compares Bitcoin’s size to the Invesco QQQ, an exchange-traded fund (ETF) based on the Nasdaq-100 Index.
“BTC is everyone’s phantom, good or bad. In reality, its MASS renders it irrelevant to this conversation but highly attractive for upside consideration. In the game of Newton’s Cradle, MASS is paramount today, it’s the outlier.
BTC’s capitalization is just $1 trillion. QQQ is $42 trillion. The Qs, or rather the $13 trillion in the Mag-7, are therefore the only consideration. Bank stock lending renders the robustness of that valuation paramount. If that melts, the credit unravels, the margin call is immense.
Perhaps doesn’t happen, but if I were a bank I’d be circumspect about the moneyness of that collateral. I’d be trying to contra-cyclically reduce my assets, markets and their liquidity permitting. By moneyness I mean the pledged assets’ proximity to a t-bill. Your t-bill ain’t gonna lose 83% of its value over the next 18 months.
Bur stocks capitalized at these vaunted levels vis-a-vis GDP have periodically suffered such reversals.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Meme coins had a great performance in 2024, with most of them beating popular names like Bitcoin, Ethereum, and Cardano. The market cap of all meme coins jumped to over $107 billion. Dogecoin was the best performer among the top ten coins. So, let’s explore whether the top 5 crypto gainers of 2024 will be good investments in 2025.
Best 5 Crypto Gainers In 2024
Dogecoin price soared by 252% in 2024, making it the best-performing major crypto. It was followed by XRP (238%), Tron (136%), Binance Coin (125%), and Bitcoin (121%).
Dogecoin Price Analysis
DOGE price jumped in 2024 and reached a high of $0.4836 in December. Recently, however, the coin has pulled back and stalled at $0.30, slightly above the 61.8% Fibonacci Retracement level on the weekly chart.
There are signs that the coin is forming a bearish flag pattern, which often leads to more downside. That is a sign that it will have a bearish breakout and possibly retest the key support at $0.2276, a popular continuation sign.
If this happens, as Dogecoin price may rebound and retest last year’s high of $0.4835. A move above that level will signal more gains in 2025, which may see it retest the all-time high of $0.7597. More gains may be triggered by the Dogecoin reserves rumors spurred by Elon Musk.
XRP Price Prediction
XRP was one of the top crypto gainers in 2024, with most of these gains happening in the fourth quarter. The weekly chart shows that the coin is slowly forming a bullish pennant chart pattern, a popular bullish sign. It has remained above the 38.2% retracement level and all MAs.
The bullish pennant is nearing its confluence level, pointing to more gains in 2025. Some of the potential catalysts for Ripple are Gary Gensler’s resignation, RLUSD stablecoin growth, and a potential XRP ETF approval.
Tron Price Forecast
The TRX price soared and reached a record high of $0.4486. This surge happened as its ecosystem boomed because of its meme coins and stablecoin transactions. Tron has pulled back and moved to the key resistance at $0.2500. It remains above the key support at $0.1794, the upper side of the cup and handle pattern.
Therefore, there is a likelihood that the Tron price will bounce back, and possibly retest last year’s high. Such a move would imply a 77% surge from the current level, making it a good crypto to buy and hold.
BNB Price Analysis
Binance Coin has one of the best technicals in the crypto industry. It has held steady above the 50 EMA and formed a cup and handle pattern. The ongoing consolidation is part of the handle section. Therefore, the BNB coin price may have a strong bullish breakout, and possibly reach a high of $1,000 later this year.
Bitcoin Price Forecast
Bitcoin was one of the top crypto gainers in 2024 as it jumped by 121%, beating American stock indices. On the weekly chart, it has remained above the key point at $73,700, the highest level in March last year, and the upper side of the handle section of the C&H pattern.
Bitcoin is in a bullish trend after bottoming in 2023, helped by MicroStrategy purchases and BTC ETF inflows. Therefore, Bitcoin price will soar in 2025, and possubly hit the psychological point at $200,000.
Frequently Asked Questions (FAQs)
Some of the top crypto gainers in the crypto industry in 2024 were the likes of VIRTUAL, Popcat, XRP, and ai16z.
The outlook for the crypto industry is bullish in 2025, helped by ETF inflows and approvals, friendly regulations, and low interest rates.
A highly conservative view is where Bitcoin rises to $200,000 in 2025.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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ADA
Analyst Says ‘Up Only’ Price Action on the Horizon for Bitcoin and Altcoins, Predicts New Leg Up for Cardano
Widely followed analyst Michaël van de Poppe believes it’s only a matter of time before Bitcoin (BTC) and altcoins regain their bullish momentum.
The trader tells his 759,000 followers on the social media platform X that he thinks Bitcoin and altcoins are close to carving a local bottom.
According to Van de Poppe, crypto will witness renewed rallies once the market pullback is over.
“The correction is almost over and the time for up only is on the horizon for altcoins and Bitcoin.
Expecting a lot to come.
The optimal entries for longs on Bitcoin are around $90,000 and we’re getting those.”
Looking at Bitcoin itself, the crypto strategist thinks BTC will continue to see lackluster performance until US President-elect Donald Trump takes office.
“The scenario on Bitcoin remains the same.
I’m still expecting that we’ll see some more downward momentum pre-Trump and return upwards from there.
The ideal area is around $90,000.”
At time of writing, Bitcoin is trading for $93,855.
As for the native asset of the popular layer-1 platform Cardano, Van de Poppe thinks ADA is in the process of bottoming out. He also predicts that ADA will print a new all-time high late this year or in 2026.
“The scenario remains the same.
Pretty heavy run upwards and a 40% correction.
I think we’re getting towards the end of this correction, through which I’m expecting a new leg up for things like ADA.”
At time of writing, ADA is worth $0.85.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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According to a recent report by Steno Research, Ethereum (ETH) is poised to outperform Bitcoin (BTC) in 2025. This outlook is attributed to historical trends and the anticipated impact of favorable cryptocurrency regulations following Republican presidential candidate Donald Trump’s victory in the November election.
Will 2025 Be The Year Of Ethereum?
While the overall cryptocurrency market surged to unprecedented heights this year – reaching an all-time high (ATH) total market cap of $3.9 trillion – Ethereum, the second-largest cryptocurrency, has lagged behind in terms of price performance.
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However, Steno Research’s report suggests Ethereum could finally achieve a new ATH in 2025, driven by increased institutional investment and supportive regulatory developments. The report predicts that ETH could climb to at least $8,000 in the upcoming year.
Bitcoin is also expected to hit a new ATH of $150,000 in 2025, but Ethereum may more than double from its current price of $3,400. Additionally, the ETH/BTC trading pair is forecasted to rise from 0.035 to 0.06 within the next 12 months.
The weekly chart below illustrates ETH’s declining performance against BTC since September 2022. However, the pair is now hovering near a crucial support level at 0.035, with expectations of a rebound to the 0.06 level, which was last seen in February 2024.
Steno Research’s optimistic forecast for Ethereum underscores a potential bullish momentum for altcoins in 2025. Mads Eberhardt, an analyst at Steno Research, stated:
This expectation is partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin.
The report adds that Bitcoin dominance (BTC.D) – a metric used to gauge the proportion of the total crypto market cap commanded by BTC – is expected to tumble to as low as 45% from its current level.
The following weekly chart demonstrates BTC.D’s sustained uptrend since September 2022, rising from a low of around 39% to a peak of 61%. However, recent price action suggests a lower high has been formed, signaling a potential sharp decline to around 45%.
DeFi Activity To Rebound In 2025
The report further predicts a resurgence in decentralized finance (DeFi) activity within Ethereum’s ecosystem in 2025. Specifically, the total value locked (TVL) in decentralized applications is expected to hit a new high of $300 billion next year.
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Renewed interest in DeFi could further drive higher altcoin prices in 2025. Notably, ETH jumped 10% following Trump’s November election victory, as improved sentiment surrounding DeFi regulations boosted market confidence.
In addition, strong inflows attracted by spot Ethereum exchange-traded funds (ETF) further strengthen the bullish case for ETH heading into 2025. At press time, ETH trades at $3,417, up 3% in the past 24 hours.
Featured image from Unsplash, charts from Tradingview.com
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