Transcription
We're pretty bullish. I think Ethereum, which is around 3,000, can easily get to 9,000, 7,000, uh, in early 2026. Crypto is down in 2025, but not out. Let's talk about what comes next.
And first of all, I want to say that although from the October high of 126,000 to the November low of about 79,000, that's a 36% correction. Right now, we're about 30% down from that. Although I'm bullish in the future, in the short term, in the next several weeks, I think it is possible Bitcoin could dip 40%. 40% is on the table, bringing the price down to about $75,000. If this happens, I would be a buyer. I'm a buyer here, but if we go lower, I continue to be a buyer. I think there's a lot of reason to be bullish in 2026 and beyond. This is why you subscribe to Altcoin Daily, a video every day keeping you informed. If you ask anybody in real life to give you the bull case for Bitcoin or crypto going forward, a lot of them couldn't tell you. So, I want to show you expert predictions from Tom Lee, Bitwise's Matt Hogan, one of the biggest wealth advisors on Wall Street, and even our interview with Grant Cardone. A lot of alpha in today's video. Smash the like button, and let's start here.
Now, I see a lot of Tom Lee hate in my comments section lately, and maybe for good reason. He was very bullish into end of year, and Bitcoin and crypto went down, not up. However, it's important to note that he has continued to be a buyer at these levels. His company, Bitine, just hit a 4 million ETH milestone. They own 4 million ETH. So, he's putting his money where his mouth is. And what I like about this clip, he gives his reasoning why he is predicting a 7K to 9K Ethereum in early 2026, 200K Bitcoin by end of 2026, and is still saying he expects Ethereum to be $20,000 over time. He goes, "I don't want to overuse the word super cycle, but this is what I think is happening."
>> They're going to kill me in the back, but Tom, we have to start with something that everybody's lighting us up about since we talked to you 45 minutes ago, which is do tell us about crypto. Okay, ETH, they want to know what's your target there. Bitcoin, what do you do with it? It's the one thing that's not part of this meltup that Steve's been observing here.
>> Yeah. Um, well, the outlook for crypto is still really good for the next uh 5 to 10 years. I don't want to overuse the word super cycle, but we know that Wall Street wants to tokenize everything, you know, whether that's Vlad at Robin Hood or Larry Frink at Black Rock. And that's going to bring a lot of efficiencies to Wall Street, but it really brings the use case forward for something like Ethereum. So, uh, we're pretty bullish. I think Ethereum, which is around 3,000, can easily get to 9,000, 7,000, uh, in early 2026 and then over time, uh, as it starts to be competitive with uh payment rails, you know, could get to the $20,000 level. So, I'm pretty bullish. Uh, I like Bitcoin. I think Bitcoin is suffering from uh gold envy right now.
>> Yes.
>> And uh, and that liquidation event. Gold's been a great asset, uh, now over 30 trillion. Uh, but I think, you know, again, Bitcoin is is a genuine store of value. It's it's is supply limited. So I think in in next year is really when Bitcoin can sort of begin to recover and, you know, the $200,000 level makes a lot of sense to me.
So many people think that Bitcoin's 4-year cycle played out exactly as expected and 2026 into 2027 will in fact be lower like every four years before that. I disagree with this. 15 billion Bitwise CIO Matt Hogan disagrees with this. He says, "I expect the market to be up next year. The Bitcoin 4-year cycle is dead. Expect a 10-year institutional-driven grind upward that started in 2024." Listen to his explanation on this.
I tend to agree. >> I think the four-year cycle is being replaced by a 10-year grind. Uh, by which I mean there are big new forces in the world. They started coming in with the launch of the ETF in January of 2024. They were accelerated by regulatory progress in January of this year. We have the growth of stable coins and tokenization. I think those forces are bigger and stronger than the forces that historically caused the four-year cycle. So specifically, I expect the market to be up next year. And so therefore, from that perspective, I think the four-year cycle is quote unquote dead. I still think it matters because it's in people's minds. I think it's one of the reasons prices have been suppressed this year. But do I think we're in a four-year cycle? No. I think we're in a 10-year grind upward of strong returns. Not spectacular returns, strong returns, lower volatility, some up and down. But I think next year will be up. And so I guess from that perspective, I think the four-year cycle is is quote unquote dead.
I'll just add one more fun fact from Bitwise's perspective. Um, I think the institution is just sort of hitting its stride. I don't think crypto is used to how slow those institutions moved. As two examples, we just now had the big four wirehouses, Morgan, Mariel, Wells, and UBS approve Bitcoin products even though the ETFs launched in January. So we're just opening the doors. The other experience from Bitwise's perspective, our average institutional client allocates after eight meetings. If they do meetings on a quarterly basis and they started when ETFs launched, they're just getting to their eighth meeting now. So I I do think you have this slow moving force and then this fast moving retail trade. And I think that explains a lot of what's going on at the moment.
And by the way, a big reason to be bullish on Bitcoin is because of the increasing debt. We're seeing Harvard realize this. Really remarkable that Harvard is 2:1 Bitcoin versus gold as they put on their debasement trade. So this is one reason why Matt Hogan Bitwise institutions are bullish. Like this is a big thing people don't realize. We have three core thesis that drive this long-term view of Bitcoin. The first is that there's rising concern about the outlook for fiat currencies. That's not a radical statement in this room, but in Wall Street it's a bit more radical. We usually start with something like this. This is a slide. It's up only. Crypto should love this slide, but this is a slide of the US debt, right? It's incredible. Half of all US debt has accumulated in the last 10 years. Interest placements are almost a trillion dollars a year. The ecosystem we're driving into with our long-term capital market assumptions is one where the debt is up and to the right and just going forward. And what do you do in this environment? Well, this is what Ray Dalia says. When countries have too much debt, what they do is they print their way out of it. He recommended 15% gold or Bitcoin. I was tweeting earlier today, Harvard is worried about this. They put on a debasement trade this year. They bought half a billion dollars of Bitcoin. An interesting fact, they bought a quarter billion dollars of gold. Really remarkable that Harvard 2:1 Bitcoin versus gold as they put on their debasement trade.
And yet so many are expecting Bitcoin and crypto to fail. They are roasting the crypto believers right now. They are roasting us. Comedian Tony Hingcliffe roasts cryptozar David Saxs at the Allin podcast event. Oh, and to Sachs the cryptozar Michael Sailor asked me to say hello. And if you can do anything, anything at all, that would be great. I don't really know what he's talking about, but there's really only one thing that can kill the bull case for crypto next year.
But before I play you that clip, let me play you this clip because this is a wealth advisor that doesn't normally talk about crypto. He's asked about crypto here. He goes, "Actually, we're pretty bullish. It's only a matter of time before Bitcoin retakes $100,000." He says now, he agrees with me. A dip to about 75K could be likely in the short term, but in the long term, there are so many new buyers. Listen.
Well, Bitcoin has really been interesting uh this year in 2025 because it was so lock and step. It was the risk on asset. If you put a NASDAQ 100, the QQQ's next to Bitcoin, they were lock step until April when we saw those trade tariffs really decouple that risk on correlation. So, as you've seen profit taking, I haven't seen a back and fill all the way down to 76,000, which I would like to see in the Bitcoin futures before we resume. But there's so many new organic buyers, meaning the platform, the ability for investors with their advisors or through their advisors, they can now allocate. So I think you will see Bitcoin go back over $100,000. But right now, people are a little shook. When you see a 30% drop, you have to be considerate. This isn't equities. This is Bitcoin. It's very common and usual to have these type of pullbacks, but you have to have the stomach for it, Morgan.
And of course, you know that the crypto market structure bill is close to passing now. We're waiting for it to pass in 2026. In my opinion, it better pass in Q1 or Q2 of next year before midterms. After midterms, it just becomes kind of uncertain. It could be fine. It could not be fine. But Matt Hogan says kind of the same thing just generally. The Clarity Act will make or break the crypto market next year. And he explains that it better pass here. It should pass. It better pass. But will it pass?
>> I think Clarity is like the Pakatonyi Phil of crypto of this winner. I think if if clarity doesn't pass, it's going to push us into a deeper, it's going to be hard for crypto to rally. I think if you do see it pass, that's probably something like the all-clear signal on this pullback and we could see I think most assets and particularly Ethan Salana and others move to all-time highs.
Hey, make sure you subscribe to Altcoin Daily. We keep you informed every day of the week, even holidays. Make sure you follow us on Twitter. You know, it takes me hours to make a YouTube video. It takes me seconds to alert you on Twitter. We're about 15,000 away from 2 million followers. Get in before 2 million. I'll link our Twitter below and we will end with a clip from our Grant Cardone interview that's making its rounds.
One more thing, my friends, if you become Altcoin Daily channel members, you will get access to exclusive clips that will never be for the general public. These are just for members of our audience. We have a clip with Grant Cardone. We're not asking him about crypto. We're asking him how to make money. We have a clip with Charles Hoskinson where we're not asking him about Bitcoin or Cardano. We're asking him, hey, how do you make money in crypto? What is the secret? So, these are kind of exclusive clips for members only. This was from the interview that everybody saw, and it's no wonder it's getting clipped so much by so many big accounts. Bullish billionaire Grant Cardone explains why he's buying hundreds of Bitcoin on every dip. 1 million, he says, is very easily attainable in the next 5 years, maybe sooner. Appreciate you continuing to tune in this holiday season. I'm bullish in 2026. I'll see you tomorrow and I'll leave you with this.
>> 200 pieces that day and I bought 300 pieces the next week at at 108. I bought it at 93,000, 105, 75. I bought a shitload at 75. Um, you know, I was given it at 500. I think my price prediction is more. I think that $1 million is easily attainable in the next five years, maybe sooner. 5 years.
>> I could see it there at 3 years.
>> Interesting.