Published: Monday, December 22, 2025 · 2:55 PM | Updated: Monday, December 22, 2025 · 2:55 PM
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00:00 Speaker A
Ines, I want to go to you on that roller coaster that we have seen for crypto this year. And to be clear, it’s not unusual for Bitcoin, right, to see a roller coaster. What was perhaps unexpected is that when it would have such institutional and policy support and still see that roller coaster, Ines.
00:30 Ines
100%. I mean, the Bitcoin community got everything that it wanted this year as far as uh regulation, as far as a friendly SEC, um as far as the administration really going forward with crypto and Bitcoin in general. And yet, you are seeing prices that tumble from the 126,000 level in October. and also calling into question, is the four-year cycle really over or not? I mean, you had some very prominent voices that were talking about that for your cycle being over, but now we are in a crypto winter, so to speak. And what’s been sobering are some of the also price targets that have come out from uh Wall Street because you had a lot of bullishness going into the end of this year. And now you’re looking for next year, um some some sobering calls. I mean, you’ve got Sean Farrell from Fundstrat, uh that basically is saying that you are going to probably be seeing a a drawdown in the first half of the year and calling for 60 to 65,000 for Bitcoin in the first half, and then you would see a rally uh going into the end of next year and Bitcoin reaching 115,000. Now, he says this for a variety of of reasons, but nevertheless, I mean, he got quite a quite a lot of pushback online uh because of that because he’s been a big bull. But we have seen sort of a changing narrative. I don’t think that it was helpful that you saw OGs whales selling heavily uh in into this uh drawdown that we’ve seen with Bitcoin. That has created quite a bit of negative sentiment uh for the overall crypto industry.
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