I think we are definitely nearing the End stages this whole thing has I think Exposed what really drives the market The Federal Reserve is about to blow up The price of crypto at least according To popular YouTuber and analyst virtual Bacon looking at the past times during The beginning of the r cut Cycles I Think the Boron will at least he shares Some wild Market predictions in this Video if we see I'll start to take large Portions off the table smash the like Button if you hold Bitcoin this is one Interview that you need to see now let Me introduce Our Guest virtual bacon Dennis you have blown up on crypto YouTube this year with your great Analysis accurate price calls top Altcoins General macro Outlook when you Speak people listen so before we get Into some of the really juicy stuff and Make sure you watch today's whole Interview what's your take your analysis On the crypto market so far this year Well first of all you gave me way too Much credit I I really just try my best To analyze the market and give people my Thoughts so I think people are obviously Everyone and people on crypto Twitter Are extreme fear now I think most people Have been just too tired of the market Over the past six months with the chop And people are starting to lose hope but I really do feel like this is the time
To dial back in and take back the Enthusiasm the excitement we had in q1 This year and apply that now I think That's the best strategy speaking of q1 You know it kind of everything got Exciting earlier than usual maybe with The black rock Bitcoin ETF news and Everything like that plus the having Plus everything is this cycle playing Out like previous Cycles or how do you Think about It yeah so obviously this cycle is Heavily driven by institutions now with ETFs with black rock and especially with What we just seen with Ray hikes Ray Paws and now potentially rate Cuts this Whole thing has I think exposed what Really drives the market which is the Macro liquidity and I went back to Drawing board to look at why the Cycles Have been so different 2017 2021 and 2024 and I think what was really telling Was that in the 2017 Market when we had A extended bll run lasting over a year It was heavily correlated with the M2 Global money supply growth throughout That period that chart has just gone up Only and right around the time it topped The it was like February 2018 when Bitcoin topped when you translate that To 2021 Co cycle it was kind of applied As well and top was around the same time So I think those Cycles are much more Obvious not as obvious but much more
Accurate it just so happened that they Tend to correlate with the Bitcoin Having but this time that kind of Explains why we're seeing a delay cycle Where we have the half year but people Expected the bull run to start a lot Sooner but I think it's starting a bit More delayed q1 2025 Q4 this year is Kind of where we're seeing the true Price action starting interesting so Yeah most people think of you know in The past 14 years of Bitcoin most people Think of you know the Cycles revolving Around the Havoc certainly you know it Does seem like that's happened in past Years but you're saying it's more of the M2 macro money Supply yeah they kind of correlate I'm Not saying like having Cycles don't play An effect obviously Bitcoin gets more And more scarce and I think especially On the having year we see a lot more Trading volume a lot more liquidity and Whatever type of events that are Supposed to happen like ETF speculation Etc they will try to frame it around the Bitcoin having time as well so they have Something to talk about um but I think The fouryear cycle is a bit more Stretched if you all hinge it on one Event happening every four years I the having year having volatility and High volume is true but the subsequent Years after is more driven by UT
Liquidity so let's talk more about you Said Q4 you're bullish 2025 you're Bullish take us through your thoughts on What happens within this next quarter in The next year from a macro Point of View Kind of big picture what's your outlook Yeah so Q4 this year starting from September FMC hopefully if F has cut Rates and they have Kept their words to the pivot and According to CME fed watch which has Been very accurate we are seeing the Next nine FC meetings having at least Nine R cuts and we're potentially seeing One double cut somewhere next year so The r car Cycles like once they start They keep going they don't just randomly Revert and it goes kind of One Direction Only so with that being said the only Question now left is is this going to be Immediately bullish effect or will the Kind of recession fear still set in and We have a nonideal landing like a hard Landing versus a soft Landing that I Don't think anyone can really predict Not even the FED themselves know what I Do know is with the revised drop numbers We have been in a recession for at least A year it's just not classified that way From the agencies and I think we are Definitely nearing the end stages and Looking at the Past Times that at during The beginning of the r cut Cycles it can Take a maximum of six months before the
S&P turns around and about half the Times when it's really bad around the Recession time three months and six Months Mark the S&P was still kind of Choppy at the other half of the times Even the three Mark already S&P was Trending up only so I think that's kind Of a toss-up uh whether we will see very Easy time starting in q1 next year or Right away in October but what what I do Know is come March of next year I I just Don't see how the market can keep be Bleeding like this with that do you Think that Bitcoin tops out somewhere Near the end of of next year or or how Do you think about that and then Ultimately what is your bitcoin price Prediction for 2025 I guess I'll start With the prediction I have always held This kind of relatively like average Number of around 200k for my personal Portfolio that wraps just around to four To five trillion is for Bitcoin market Cap total market cap just under 10 Trillion and I think that's fair I think For sure we will reach 100K as long as Things line up and as long as you know S&P recovers nicely like 100k is a very Easy number at this point question is Like when do we reach that so far it Looks like the Rost cycle will at least Last till Q4 2025 and even with all the projections That they have made the FED has already
Released their targets by the end of 2025 for rates and they need to so many Fmcs to get there the only question is Will they keep cutting rates in 2026 and That kind of we don't know so I think The Bor at least last until end of 2025 That's why I'm taking it one step at a Time if we see I want to give myself Kind of conservative on both sides as Well time versus price so if we see Bitcoin reaching 200k in 2025 I think That I'm happy with that I'll start to Take large portions off the table but if We don't see that and we are kind of Q3 Is 2025 then we'll have to look at the Drawing board again and figure out if uh Liquidity injection is going to continue In 2026 then we maybe wait a bit longer So there's a Time Horizon and there's a Price Horizon both but you think 200k is Possible possible in 2025 or near 2026 yeah I I I'm optimistic I think That's my average expected return could Be lower could be higher yeah final Thoughts virtual bacon what else can you Impart on The altcoin Daily audience Yeah final thoughts I think it just high In there like even some of my audience I've heard so many people just leaving The space and H in there couple more Months and I think we can pop through And do what you need to do protect your Psychology don't get mad on your bags Just know that there are better days
Ahead I like that
