Trump's $150k BTC Price Target

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 12 December 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The President-elect is weighing in on Bitcoin, and thinks it should hit $150,000 early in his presidency. NLW covers why during this administration, Trump seems likely to view the price of Bitcoin as reflective of his policies. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.5	What's going on, guys? It is Wednesday, December 11th, and today we are talking about a very
0:23.5	interesting Bitcoin price target. Before we get into that, however, if you are enjoying the breakdown,
0:27.7	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into
0:31.1	the conversation, come join us on the Breakers Discord. You can find a link in the show notes
0:34.6	or go to bit.ly slash breakdown pod. Hello, friends. A new Bitcoin price prediction has entered the chat, and this one is from the
0:42.5	self-described crypto president. By now, it should come as no surprise that President-elect
0:46.7	Donald Trump is keeping an eye on Bitcoin's price, and guess what? He wants to see it go higher.
0:51.6	Last week, when Bitcoin hit 100K for the first time, Trump posted a
0:54.4	congratulatory message to Bitcoiners. Taking some amount of credit and winking to his orange-pilled
0:59.0	supporters, Trump added, you're welcome. Now Trump thinks that $150,000 per Bitcoin sounds like a
1:05.2	good price to him. The news of this specific price target comes from an Axios source who's
1:10.3	described as a top member of the
1:11.7	transition team. And what makes it interesting is not so much that Trump wants Bitcoin to go higher.
1:16.9	It's that he's potentially viewing the price of Bitcoin as one metric of the success of his presidency.
1:21.9	The Axiose source said that Trump, quote, is going to be very focused on the price of Bitcoin.
1:26.1	It's another stock market for him.
1:31.8	Trump was extremely focused on the stock market during his first term, often tweeting about it almost every week and often tying price action directly to his policies.
1:35.5	This reporting seems to imply that Trump will be glued to the Bitcoin price chart during
1:38.7	his new administration. As if this market isn't headline-driven enough, we could also see
1:42.6	the president posting about how his policies are driving Bitcoin higher. In terms of a specific timeline, the Axi source says that
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.