According to Ivan, there are several bullish factors currently supporting Bitcoin's price. He highlights that Tether has recently printed $1 billion, and USDC is also increasing its supply. This influx of stablecoins into the market is seen as a positive sign for crypto prices.
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Ivan also points out that Federal Reserve Chairman Powell has indicated rate cuts may come sooner than expected, which is typically bullish for risk assets like Bitcoin. Additionally, he notes the pro-crypto stance of Trump's recently selected VP candidate, JD Vance, as a positive development for the crypto industry.
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In terms of market trends, Ivan observes that Bitcoin has moved above its 21-day moving average and is testing the 100-day moving average, which he views as optimistic signs. He suggests that if ETF inflows remain strong and selling pressure doesn't become too extreme, Bitcoin could accelerate higher.
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Ivan emphasizes the growing mainstream adoption of crypto, citing BlackRock CEO Larry Fink's increasingly positive statements about Bitcoin and blockchain technology. Fink has been promoting Bitcoin on television and discussing the potential for tokenization to transform financial markets.
Ivan points out what he sees as a significant mispricing in the crypto market. He compares Bitcoin's market cap to those of major companies and assets, arguing that Bitcoin's current valuation is too low given its potential as a global financial infrastructure. He suggests this presents an opportunity for investors who understand the long-term implications of crypto adoption.