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Bitcoin hit a new all-time high this week, crossing $108,000 and sparking conversations about its next move in a volatile market.

Roundtable anchor, Rob Nelson, discussed the milestone with David Duong, Head of Research at Coinbase, and David Gokhshtein, Founder of Gokhshtein Media. The panel explored bitcoin's fluctuating price and its potential trajectory amidst evolving market conditions and political changes.

Rob Nelson opened the conversation, noting bitcoin’s oscillation around the $100,000 mark. “It makes sense that it’s doing that,” he said. “Is it actually good that it should bounce up and down around that and then move to its next level?” David Duong responded by framing bitcoin’s behavior within broader macroeconomic trends, stating, “I think it’s kind of bouncing between being a risk asset versus a macro asset.” He highlighted the uncertainty caused by conflicting labor and inflation data, adding, “Market players are trying to interpret what the Fed is going to do next.”

David Gokhshtein brought a bullish perspective, referencing his earlier predictions. “While everybody was crying and scared, I said bitcoin’s going to continue to move,” he said. Looking ahead, he pointed to the potential impact of Trump’s crypto-related executive orders, adding, “I’m bullish as hell.” He also shared insights from Cardano’s Charles Hoskinson, who predicted bitcoin could reach $450,000 by the end of the cycle.

Rob Nelson reacted to these predictions with cautious optimism, noting his own projections of $250,000 to $350,000. He turned to David Duong for his perspective on such high targets. While Duong avoided specific price predictions, he noted, “The floor is a lot higher than it used to be,” suggesting bitcoin’s downside risk has decreased significantly.

The discussion also touched on the potential influence of regulatory changes expected in 2025. Duong remarked, “I think the new regulatory regime could limit opportunities to pick up bitcoin at previous lows.” This sentiment underscores the evolving dynamics of the crypto market as it matures.

As bitcoin hovers above the $100,000 milestone, the experts agree that its next moves will depend on macroeconomic signals, regulatory shifts, and investor sentiment, making 2025 a pivotal year for the leading cryptocurrency.