Bitcoin Could Make History at $340K if It Outperforms Last Cycleās 2,100% Gains
Bitcoin could enter uncharted territory this bull market if it surpasses its previous cycleās explosive gains ā but itās a steep climb to get there. Macro trader and investor Jason Pizzino says BTC would need to reach $340,000 to beat the 2,089% rally it saw between 2019 and 2021. Achieving that would mark the first time in Bitcoinās 16-year history that a bull cycle delivered greater returns than the last.
āIf Bitcoin hits $340,000 this cycle, it would be the first time in its history that it outperforms the previous cycle. It is a very big ask, but many are asking if itās possible,ā Pizzino noted. At that price, Bitcoinās market cap would hit $6.7 trillion, making it the second most valuable asset in the world, behind only gold, which sits at around $23 trillion. BTCās Current Performance Since its bear market bottom at $15,600 in 2022, Bitcoin is already up about 700%, but thatās still far from matching past bull market surges. Despite that, BTC has outperformed all major asset classes over the past five years: Bitcoin: 58.2% CAGRQQQ (Nasdaq 100 ETF): 16.28%SPY (S&P 500 ETF): 13.68%Gold (GLD): 10.49% Real Estate Cycle Link Pizzino also pointed out that Bitcoinās price behavior is increasingly aligning with the 18-year real estate cycle, suggesting a unique long-term correlation. Meanwhile, in gold terms, BTC hit all-time highs in late 2024 before a gold rally cut the BTC/XAU ratio by 40%. It has since recovered, with 1 BTC now worth around 36 ounces of gold.
Bottom line: While $340,000 Bitcoin might sound like a moonshot, historical performance, increasing institutional adoption, and its consistent outperformance of traditional assets keep the possibility alive. #BTCčµ°åæåę #bitcoin #GOLD #BTC #ETHETFsApproved
Michael Saylorās Strategy Adds $18M in Bitcoin on 5th Anniversary of BTC Plan
Michael Saylorās Strategy has once again expanded its Bitcoin stack, adding 155 BTC worth $18 million last week, marking five years since adopting Bitcoin as its primary treasury asset. A Relentless Accumulation Strategy The purchase was revealed in a US SEC filing on Monday, showing the acquisition was made at an average price of $116,401 per BTC. This pushes Strategyās total holdings to: Total BTC: 628,946Total Spent: $46.1 billionAverage Buy Price: $73,288
From $250M to $46B ā The Growth Story Strategy made its first BTC purchase on Aug. 11, 2020, acquiring 21,454 BTC for $250 million at around $11,400 each. Since then, BTCās price has surged +960%, from $11.4K to nearly $120K, delivering huge paper gains.
Despite market ups and downs, Strategy has consistently increased its Bitcoin reserves over 74 separate purchases ā and has never sold. āIf you donāt stop buying Bitcoin, you wonāt stop making money,ā Saylor posted on X to mark the milestone.
Critics Question the Small Size of the Purchase Some in the crypto community were surprised by the relatively modest 155 BTC buy, especially compared to Strategyās 21,021 BTC purchase in July. Still, itās far from their smallest acquisition ā that record goes to 130 BTC bought in March 2024 for $10.7M.
Looking Ahead Saylor has pledged to keep buying Bitcoin āno matter how high it surges.ā In June, he even predicted BTC could reach $21 million in the next 21 years ā an ambitious forecast that reinforces Strategyās unwavering bullish stance. Question: If you had billions in reserves like Saylor, would you still be buying BTC at $120K? #Bitcoin #MichaelSaylor #BTC #CryptoNews #BinanceSquare #CryptoInvesting
Ethereum (ETH) has smashed through the $4,000 mark for the first time since December 2021, surging over 24% this week to hit highs above $4,330. Now, traders are watching closely as multiple bullish patterns point toward much higher targets. š Key Highlights ETH is breaking out from several long-term bullish setups.Analysts see $6K in the near term, with $20K possible within a year.
š Wyckoff Breakout ā Targeting $6,000
According to analyst Lord Hawkins, ETH is emerging from a Wyckoff Accumulation phase ā a classic pattern where smart money accumulates before a big rally. The current push above $4,200 marks the āSign of Strengthā stage, often followed by a small pullback (Last Point of Support) before a strong markup phase begins.
If this pattern holds, the projected move from the range points to around $6,000 in the coming months. šŗ Triangle Breakout ā Eyeing $8,000
Analysts Crypto Rover and Titan of Crypto note that ETH is also breaking out of a multi-year symmetrical triangle between $4,000 and $4,200. Technical projections from this setup indicate a potential rise toward $8,000, backed by historical patterns where similar breakouts triggered multi-month rallies.
š Fractal Pattern ā $10K Minimum, $20K Possible Analyst Nilesh Verma points to a striking similarity with Ethereumās past parabolic runs in 2017 and 2020. In both cases, ETH retested a major support before rallying 950% or more within a year.
The latest retest happened in April 2025 near $1,800, and if history repeats, ETH could see $10,000 as a conservative target, with an ambitious $20,000 possible within the next 6ā8 months. š” Bottom Line: Ethereum is flashing multiple high-timeframe bullish signals. While short-term pullbacks are possible, many analysts believe the next big leg up could dwarf the recent gains. #ETH4500Next? #BinanceAlphaAlert #Ethereum #ETHETFS #ETHETFsApproved
š Market Highlights: ⢠ETH hit $4,332 over the weekend ā traders eye a run to the 2021 ATH of $4,878. ⢠BTC dominance dipped as ETHās rally gained steam. ⢠ETFs heating up: $461M ETH inflows vs $404M BTC inflows in a single day. ⢠Last 5 trading days: ETH ETFs saw $326.6M net inflows, BTC ETFs $253.2M.
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š§ Why It Matters: ⢠A push to $4,500 could trigger a $1.35B short squeeze (CoinGlass). ⢠Buterin warns about ETH treasury companies becoming āoverleveraged gamesā if not managed well.
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š” Quick history: ⢠First became a crypto billionaire at 27 (May 2021, ETH > $3K). ⢠Now, institutional demand and ETF flows are fueling his comeback.
šØ Michael Saylor: āBitcoin Will Outpace the S&P 500 for the Indefinite Futureā šš°
Bitcoin maxi Michael Saylor, Executive Chairman of MicroStrategy, says heās not worried about rising treasury interest in Ethereum or other altcoins.
āThereās an explosion of innovation in crypto ā and itās good for everyone. But Iām laser-focused on Bitcoin,ā Saylor told Bloomberg.
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š Key Takeaways: ⢠BTC Dominance: 60.18% (TradingView) ⢠Corporate Adoption: Companies holding BTC jumped from ~60 to 160 in just 6 months. ⢠MicroStrategy Holdings: 628,791 BTC (~$74.15B) ā over 12x more than MARA Holdings (50,639 BTC). ⢠Prediction: BTC will outperform the S&P 500 āfor the indefinite future.ā
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š Market Context: ⢠BTC: $118,035 ā down from ATH $123,100 (July 14). ⢠ETH: $4,224 ā up 23% in 30 days on institutional & ETF demand. ⢠Public companies holding ETH now control $11.77B in value ā led by BitMine Immersion Technologies ($3.2B).
šØ Bitcoin Investment Banks Coming to El Salvador! šøš»š°
El Salvador has just passed a game-changing Investment Banking Law ā giving investment banks the green light to hold BTC and digital assets on their balance sheets.
š Key Highlights: ⢠š New Regulations: Investment banks will operate under different rules than commercial banks. ⢠š¼ BTC-Friendly: They can underwrite companies, issue securities, and offer crypto services to āsophisticated investorsā (similar to accredited investors in the US). ⢠š¦ Bitcoin-Only Banks: With a PSAD license, a bank could choose to operate entirely in Bitcoin. ⢠š Global Attraction: Designed to pull foreign investment and position El Salvador as a crypto-finance hub.
Juan Carlos Reyes (Head of CNAD) says:
āPrivate investment banks can now operate in legal tender, foreign currencies, and digital assets like Bitcoin with the right license.ā
š The Bigger Picture: ⢠Institutional money is driving El Salvadorās crypto growth. ⢠Critics argue it mainly benefits large players, not everyday citizens. ⢠Partnerships with countries like Pakistan and Bolivia aim to boost adoption and integrate crypto into national economic strategies.