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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: National Association Member FDIC.

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Speaker 2: Let's talk about bitcoin, shall we? Let's show this clip.

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Speaker 3: Actually, you know, I'm still bullish on bitcoin. In the

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Speaker 3: fourth quarter seasonally bitcoin strong, but now we have the

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Speaker 3: Fed flipping dubvish after being essentially hawkish all year. That's

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Speaker 3: a tailwind for bitcoin. So I think bitcoin gets to

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Speaker 3: two hundred to two hundred fifty thousand by the end

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Speaker 3: of the year, and that aligns with Mark Newton's technical targets.

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Speaker 2: Okay, Tom Lee's out to tumbley if you're not familiar

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Speaker 2: who Tom Lee is bitcoin bull somebody that's been He's

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Speaker 2: always bullish on bitcoin, but a very intelligent person. He

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Speaker 2: says that he sees Bigcoin getting to two hundred and

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Speaker 2: fifty thousand dollars by year in so there's only two

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Speaker 2: months in the year. Bitcoin is currently at one hundred

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Speaker 2: and ten thousand dollars, so that would be over one

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Speaker 2: hundred percent increase in seventy five days. He also said

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Speaker 2: in an unrelated well and later on in that conversation

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Speaker 2: that he sees ethereum not now now getting to sixty

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Speaker 2: thousand dollars.

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Speaker 4: Wow.

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Speaker 2: But he's always been a bull, Like I said, Tom

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Speaker 2: Lee's always been. He's been a big Coin ball for years.

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Speaker 2: So two hundred and fifty thousand dollars in the next

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Speaker 2: seventy five days is that something that.

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Speaker 4: Troy Troy, you know what? Yeah say, I'll say this

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Speaker 4: that is very lofty.

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Speaker 1: So I'll use the historical data, right, based on bitcoins

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Speaker 1: having cycles, the first year after having cycle is usually

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Speaker 1: the best year.

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Speaker 4: Right, So.

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Speaker 1: Twenty twelve first having cycle, twenty thirteen being the next

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Speaker 1: year Bitcoin was up seven thousand percent, right, seven thousand

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Speaker 1: percent twenty sixteen, So this is every four years, right,

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Speaker 1: So we're twenty twelve to twenty sixteen, and twenty seventeen.

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Speaker 1: Bitcoin was up two hundred and ninety one percent. Twenty twenty, right,

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Speaker 1: that's the next cycle. Twenty twenty one, the year after

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Speaker 1: bitcoin was up to five hundred and forty one percent, right,

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Speaker 1: So these are huge jumps. Twenty twenty four we had

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Speaker 1: having last April. So this year we are now up

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Speaker 1: forty four percent this year. Now, if we paid the

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Speaker 1: law of averages, if we get up to maybe ninety

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Speaker 1: to one hundred percent, that would take us to about

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Speaker 1: one hundred and forty seven thousand, two hundred and fifty

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Speaker 1: thousand for biitcoin, if the law of averages play out

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Speaker 1: at about one hundred percent return. So when we looked

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Speaker 1: at our price points and this we kind of been

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Speaker 1: given this predictive number of one hundred and forty. I

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Speaker 1: know you had one hundred and fifty, were in the

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Speaker 1: same rangerede hundred and forty. I can see it there.

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Speaker 1: I can see it there based on how it's performed historically.

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Speaker 1: After the year of having we've seen a great gain.

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Speaker 1: I see it in that landscape two hundred and fifty.

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Speaker 1: I'm just not sure how we calculate that now. I

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Speaker 1: know he said that the Fed was hawkish, right, there

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Speaker 1: was supposed to be maybe no rate changes. We got

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Speaker 1: one already, and now they're saying there's two more. I mean,

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Speaker 1: there's only three months left in the year, right, well,

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Speaker 1: two months left in the year. We got one in September.

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Speaker 1: We'll see what happens here in October. So now November

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Speaker 1: December only two months left.

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Speaker 4: I just I don't know how we get to that level.

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Speaker 4: I just don't. I can't see it.

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Speaker 1: But Tom Tom leys Is he's been right, not just

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Speaker 1: in Bitcoin. He's been right about the S and P,

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Speaker 1: he's been right about the DOW, he's been right about

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Speaker 1: the NASTAG.

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Speaker 4: He is super bullish in the market. I don't see it. Yeah,

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Speaker 4: I like Tim Lee a lot.

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Speaker 5: Great lesson is in assets that are determined to go

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Speaker 5: up as better to be bullish anything bearish.

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Speaker 4: With that being said, I don't see two fifty one

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Speaker 4: four four ninety.

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Speaker 5: I can see, but you don't have to take my

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Speaker 5: word for I want you to go on to LLM

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Speaker 5: GPT or Claude or Perplexity act as the World CLI

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Speaker 5: Investor tell me the ten scenarios in which bitcoin will

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Speaker 5: go from where it is now at one ten to

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Speaker 5: two point fifty, and what geopolitical events would have to

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Speaker 5: happen in order for the market to run that high.

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Speaker 5: That's the thought exercise I want you guys to do tonight.

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Speaker 4: Also too, it's November. Client money is coming in.

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Speaker 5: So if you say I think ethereum is going to

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Speaker 5: tenk why having a fun based around ethereum. You gotta

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Speaker 5: sell a big picture going back to is the media

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Speaker 5: is selling you what you want to hear, or is

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Speaker 5: it selling you fear so you can sell extreme optimism

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Speaker 5: or like the other side is Robert Kiyosaki every other

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Speaker 5: week saying the market is gonna crash and it keeps

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Speaker 5: going up, Right, you have to be mindful. I love

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Speaker 5: tom a lot two fifty for bitcoin by end of

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Speaker 5: the year.

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Speaker 4: No, they see two fifty next year.

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Speaker 5: Yes, Also, if they were not moving in pace with

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Speaker 5: the market when it was actually detached before the.

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Speaker 4: Endtitutions came in and.

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Speaker 5: Had a mass adoption phase and took it over, I

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Speaker 5: could see a run up of that nature. But unless China,

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Speaker 5: our government and all hedge funds go risk on more

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Speaker 5: so than they are already. It's gonna be tough to

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Speaker 5: get to two fifty buys by Christmas. It's gonna be

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Speaker 5: really tough in post boy next year. I can see it, though, Earners.

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Speaker 4: What's up?

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Speaker 1: You ever walk into a small business and everything just

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