What we will talk about today...

Bulls fight to keep 90,000 dollars

Bitcoin stalls under 93,000 dollars and hovers near 90,000 dollars support.

• [Key level]: Price sits in an order block around 89,200 to 90,500 dollars with strong bids near 90,000 dollars.

• [Shorts loaded]: Open interest climbs on the drop from 92,000 to 90,000 dollars, shorts crowd the zone you watch for a squeeze.

Cathie Wood ties Bitcoin to Trump wins and midterms

Crypto turns into a core plank for Trump and Congress races.

• [Bitcoin reserve]: A federal Bitcoin reserve holds seized BTC, with a long term target of one million coins.

• [Policy push]: Wood expects stronger crypto moves, including a de minimis tax rule that removes capital gains on small payments.

Last Time the Market Was This Expensive, Investors Waited 14 Years to Break Even

In 1999, the S&P 500 peaked. Then it took 14 years to gradually recover by 2013.

Today? Goldman Sachs sounds crazy forecasting 3% returns for 2024 to 2034.

But we’re currently seeing the highest price for the S&P 500 compared to earnings since the dot-com boom.

So, maybe that’s why they’re not alone; Vanguard projects about 5%.

In fact, now just about everything seems priced near all time highs. Equities, gold, crypto, etc.

But billionaires have long diversified a slice of their portfolios with one asset class that is poised to rebound.

It’s post war and contemporary art.

Sounds crazy, but over 70,000 investors have followed suit since 2019—with Masterworks.

You can invest in shares of artworks featuring Banksy, Basquiat, Picasso, and more.

24 exits later, results speak for themselves: net annualized returns like 14.6%, 17.6%, and 17.8%.*

My subscribers can skip the waitlist.

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_{*Investing involves risk. Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.}

Arthur Hayes repeats 1 million dollar Bitcoin call

Hayes links mega targets to fresh US credit and debt pressure.

• [Housing liquidity]: Fannie Mae and Freddie Mac receive orders to buy 200 billion dollars in mortgage bonds to pull down mortgage spreads.

• [Debt and money]: With US debt above 38 trillion dollars, Hayes expects large scale money printing if yields spike, a backdrop you track for long BTC plans.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

🚀Stay sharp. The path to $150K won't be linear🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results