Global financial markets are currently experiencing a unique phase where both digital assets and traditional safe havens are rising together.
Bitcoin (BTC), the leading cryptocurrency, surpassed the significant psychological milestone of $90,000 during the day, signaling that it has entered a fresh stage of price exploration.
Three influential experts—Dave Weisberger, James Lavish, and Mike McGlone—joined forces to analyze this market volatility, sharing insights on the present conditions and their expectations for year-end performance.
Dave Weisberger, CEO of CoinRoutes, emphasized Bitcoin’s technical aspects and institutional involvement. Unlike previous cycles, he highlighted that this surge includes accumulation by institutional investors and noted that capital flowing through ETFs is particularly “committed.” Weisberger remained bullish, suggesting that $90,000 now serves not as a resistance level but rather as an “entry point” for institutions.
Macro strategist James Lavish linked the concurrent gains in precious metals and Bitcoin to ongoing global debt concerns. He explained that fears over fiat currency depreciation have pushed investors toward scarce assets. Lavish remarked: “The record highs in gold and silver reflect widespread distrust in financial systems alongside efforts to hedge against inflationary risks.”
Mike McGlone from Bloomberg offered a more cautious perspective among the panelists. While acknowledging Bitcoin’s progression toward becoming “digital gold,” he pointed out that its recent price trends largely track those of equities like the S&P 500 index.
McGlone warned that if equity markets correct downward—as they often do—Bitcoin could suffer significantly due to its risk-on nature. He also noted that much of the Federal Reserve’s monetary tightening effects remain unrealized. According to him, gold remains a safer refuge than Bitcoin because it enjoys central bank backing. Furthermore, McGlone cautioned against excessive market optimism as it frequently precedes pullbacks.
The debate continues over whether Bitcoin will hit $100,000 before year-end; however analysts agree there is strong potential for a “Christmas Rally.”
*This content does not constitute investment advice.*