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Bitcoin’s surge toward $100,000 has sparked speculation about its next moves, with institutional interest, sovereign wealth funds, and ETFs driving market optimism.

Roundtable anchor, Rob Nelson, joined Gav Blaxberg, CEO of WOLF Financial, and Mauricio Di Bartolomeo, Co-Founder and CSO of Ledn, to discuss the forces shaping the cryptocurrency’s future.

Rob Nelson believes the traditional financial sector is just beginning to grasp bitcoin's unique nature. "It does operate in some ways like any other currency, but it kind of has its own kind of odd logic beyond just the coding," he says. He anticipates significant institutional investment: "Once that happens, which it will, that is 200,000 bitcoins a year that's going to happen... These people are going to start buying in big amounts."

Gav Blaxberg points out the absence of immediate catalysts that might trigger selling. "Right now, I don't really see the culmination on a singular day that is going to lead people to say, all right, it's time for us to move off of this," he notes. He highlights the psychological importance of the $100,000 level: "Once you break $100,000, that can be an incredibly bullish moment there, right to the upside."

When discussing price predictions, Blaxberg emphasizes the value of market consolidation. "I think consolidation allows for the money to move from those who don't have conviction to those that do have conviction," he explains. While acknowledging the potential to reach $125,000 by Christmas, he suggests a more cautious outlook: "I do think it could be between the $100,000 to $110,000 level... At some point, some people are going to take profits."

Mauricio Di Bartolomeo shares an even more optimistic perspective. "I would say 80% we land at $120,000, 20% chance we land at $80,000" he predicts for the end of the year. Looking ahead, he adds, "I wouldn't be surprised if we see bitcoin surpass $200,000 by the end of next year... There's just too many tailwinds to count."

Di Bartolomeo cites several factors fueling his optimism, including shifts in bond markets and increased institutional interest. "You have a massive mountain of capital that's coming off treasuries and corporate bonds that wants to get redeployed back into risk," he explains. He also mentions the impact of Wall Street's involvement: "You have the Wall Street selling machine for the ETFs... So I think that if all these bullish things combine... we could see bitcoin surpass $200,000."