The all-time top was long ago, @ $126,000, back in October of 2025. Many a long winter night, since then -- but no new highs.
And as Peter L. Brandt says -- not any likely -- before the late 2030s.
The supposed salad days -- of spiraling higher BTC spot prices are unlikely to return, then before 2040 (if ever).
Here's the weekend dive -- as expertly dissected, by Bloomberg:
. . .Cryptocurrencies tumbled over the weekend, with Bitcoin slumping to a three-month low of just above $63,000 as leveraged long positions were liquidated.
The largest digital asset sank 5.7% in the US on Saturday and continued to drop in Asia on Sunday to as low as $63,311, down a further 1.7% and its weakest since Aug. 17. Second-biggest token Ether, which slumped 8% in the US session, fell to $1,731 on Sunday, its lowest since July 9. . . .
CoinShares’ James Butterfill warned that tighter monetary policy, renewed whale selling and weaker technology-sector sentiment would limit Bitcoin’s upside.
October’s CPI data showed a 0.4% monthly increase in headline prices, a 0.3% rise in core CPI and a 0.5% gain in services excluding rent, suggesting price pressures remain broad. . . .
[The hot inflation data is the immediate cause, but the risk-on economy is now fully in "risk-off" mode, until at least early 2029.]
Obviously this puts immediate pressure on Trump Media Group, and on Riot Platforms -- as both had hoped to use BTC as a form of financing for other (endlessly money-losing) ventures.
H I L A R I O U S.
Especially for Riot (in a completely flipped blue Texas) -- but also for DJT, the world has changed: "let the boys. . . be boys" style of looking the other way, as they bend and break various laws... is at an end.
The Blue legislators will now exercise real oversight -- and as I said in August, 2027 will see far less in the way of corporate Texas State level "Welfare" --To Riot's money losing power strategies.
Buckle up. Riot is headed. . . down.
Cheers!
नमस्ते
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