Bits + Bips: Bitcoin Hits $75K as It Starts Catching Up to Gold – Unchained

Bits + Bips: Bitcoin Hits $75K as It Starts Catching Up to Gold – Unchained

Mentioned

$ETH $BTC Trump Commodity Futures Trading Commission Fed Federal Reserve $SOL $UX

Market views

Bullish

BTC— Bitcoin showing strength amid geopolitical tensions, with short gold/long Bitcoin trade gaining traction and BTC-to-gold ratio bottoming.
ETH— Ethereum outperforming as institutional crypto market develops, with investors starting to understand its unique value proposition as infrastructure, tech company, and yield-generating asset.

Bearish

DKNG— DraftKings down 30% in three months as prediction market enterprise value creation is overhyped despite usage growth.
GENI— Genius Sports down 50% as prediction market companies face intense competition and bubble valuations.
CAT— Caterpillar trading at bubble valuations of 30-35x PE as industrials sector has popped.
DE— John Deere at bubble valuations of 30-35x PE as industrials sector has already popped.

Not investment advice.