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Bitwise portfolio manager says owning a single Bitcoin is the new American dream.
Bitcoin's value increased after sell-offs in the Middle East and is now trading above $105,000, with a long-term conviction among younger investors embracing its global ethos.
, CD Analytics | Edited by Oyun Ashraf
Updated on June 15, 2025, at 7:21 AM
The price of Bitcoin rose from below $104,500 to close above $105,500 in a steady upward trend.
Bitcoin rose by 0.15% on June 15, trading in the range of $104,480 to $105,696, recovering from short geopolitical sell-offs to close above $105,500.
What you need to know
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Bitcoin is trading at $105,590, up 0.15% after regaining support following geopolitical volatility.
Jeff Park from Bitwise says younger generations view owning a single Bitcoin as a modern alternative to traditional wealth goals.
Bitcoin (BTC)
Bitcoin
$105,080.78
The cryptocurrency held above the $105,000 level after recovering from a sharp drop due to escalating tensions in the Middle East. The leading cryptocurrency dropped below $104,000 following the Israeli attack on Iran but quickly regained its losses, now trading at $105,590, up 0.15% in the past twenty-four hours.
Bitcoin's rapid recovery indicates underlying strength, with significant buying observed during the downturn. Analysts point to the $104,000-$105,000 range as an important support area, as price movement continues to rise. Sentiment remains cautious - reflected in declining trader confidence - but structurally, Bitcoin's trend remains intact.
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Alongside short-term volatility, Bitcoin continues to capture the interest of the younger generation of investors. In a recent episode of the "Unchained" podcast, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, described how Bitcoin's appeal increasingly transcends traditional financial goals.
According to Park, many young people no longer aspire to own homes in the suburbs or pursue the principle of "safe living." Instead, they focus on becoming "whole investors" - those who own at least one full Bitcoin - as a new form of prestige and long-term security. For some, the goal transcends personal wealth to ensure financial legacy across generations, reflecting the common saying "leave your legacy."
Park added that the non-political global nature of Bitcoin is central to this shift. It offers a shared value system, enabling people worldwide to withdraw from systems they no longer trust. This sentiment fuels a cultural shift: Bitcoin is no longer just a hedging tool or speculative asset, but for many, it has become a social symbol of financial independence and self-sovereignty.
With Bitcoin's price stabilizing above $105,000 and macroeconomic catalysts emerging, the contrast between short-term fear and long-term condemnation has not been as stark as it is now.
Key Technical Analyses
Bitcoin traded between $104,480.15 and $105,696.12, closing near $105,590, up 0.15%, according to CoinDesk Research's technical analysis model.
Support has been bolstered in the $104,400-$104,500 range, with large volume accumulation during the 16:00-20:00 GMT window.
This was followed by an upward reversal at 21:00, pushing BTC above $105,000 on strong volume. A breakout occurred during the day at 02:01, with the price rising from $105,486 to $105,550 on high activity.
Stability above the $105,470 level suggests potential for further upside towards the $106,000 level, pending sustainable demand.
Disclaimer: Parts of this article were created with the help of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, please review CoinDesk's full AI policy.
AI Market Insights
Siamak Mathnawi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the cryptocurrency market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking sector in London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he dedicated himself to researching the aforementioned topics.
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CD Analytics
CoinDesk Analytics is CoinDesk's AI-powered tool that generates market data analyses, price movement reports, and financial content focused on cryptocurrency and blockchain markets, with the assistance of human reporters.
All content produced by CoinDesk Analytics is subject to human review by CoinDesk's editorial team before publication. The tool aggregates market data and information from CoinDesk Data and other sources to prepare real-time market reports, clearly citing all external sources in each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, prioritizing accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.
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