Stocks, unemployment, employment numbers or manufacturing really have no connection to Bitcoin, argues BlackRock's head of digital assets.

“When we think about Bitcoin, we think about it primarily as an emerging global money alternative,” Mitchnick said. “It’s a scarce, global, decentralized, non-sovereign asset, and it’s an asset that has no country-specific risk, no traditional counterparty risk.”

“It confuses investors when people talk about it as a risk asset because, based on the properties I just described, you would think of it as a safety asset.”

A risk asset generally refers to assets that maximize returns during favorable economic conditions, including stocks such as technology and growth stocks, certain commodities, and many cryptocurrencies.

On the other hand, safe haven assets are a category of investments that perform well during periods of market uncertainty or economic downturns, such as gold, silver, government bonds, and the US dollar.

According to PlanB's theory, by January 2025, crypto companies would return to the United States, pushing the price of Bitcoin to $200,000.

In April, Trump would begin building a strategic reserve of Bitcoin, causing the currency to reach $400,000, just before an “overwhelming FOMO” between July and December would push Bitcoin to $1 million.

Most commenters who responded to the post suggested that it might be a bit “too optimistic.”

“If all this comes true, I will run naked in the streets,” said crypto trader Mr. Moontastic.

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