Streible: Bitcoin $150k-$200k by Year-End Not Out of the Cards

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14d ago 7:30

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Phil Streible's take on Bitcoin? "Really incredible." He says the "euphoria" is there with open-interest reaching an all-time high alongside Bitcoin prices. He points to open-interest contracts up to $400k, which indicates bullish sentiment in the crypto asset. Phil believes the "floor for Bitcoin has been raised" looking at $70k-$80k as a thing of the past. He adds its tie to the Nasdaq, and says any recession risks could weigh on Bitcoin prices. Later, Phil looks at bond market action and the chances of a Fed rate cut later this year.

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