Bitcoin to the Moon?! 🚀

by

Hark! Attend ye, gentle sirs and madams, for a tale most wondrous! Bitcoin, that digital phantom, hath ascended to a height previously unimagined – a staggering $125,559, as of this fifth day of October in the year of our Lord 2025! Though it doth presently trade at a mere $125,257.26 (a trifling sum, surely!), this surge is fueled by a veritable flood of coin into these “spot Bitcoin ETFs,” bringing in over $28 billion this year! And, alas, the bickering and foolishness of the American government – a shutdown, they call it! – doth only serve to bolster Bitcoin’s reputation as a haven from their economic ineptitude. 🙄

However, beware! Wise men (and even wiser analysts) warn of a treacherous resistance near $124,000. For when Bitcoin stumbled at this height before, it suffered a rather ignominious fall of 13%! A most unsettling prospect, I assure you.

The question remains: will this resistance yield, or will Bitcoin falter once more? A smaller dip this time, a mere pique of discomfort, might signify growing strength. Even a 4% retreat would be naught but a routine test, a flexing of muscle before another glorious ascent. One hopes, naturally, for the ascent! 💰

A Strategist’s Bold Declaration: “You Lack Sufficient Zeal!”

I have it on good authority, from one Juan Leon of Bitwise – a Senior Investment Strategist, no less – and through an exclusive discourse with Coinpedia, that you are, quite simply, not bullish enough on this crypto business! He doth claim, with a flourish, that short-term price woes are of little consequence when set against the grand, unfolding drama of long-term growth.

“When I proclaimed, ‘Cast aside these fleeting price fluctuations, you lack sufficient bullishness!’”, quoth Mr. Leon, “I meant that within the realm of crypto, marvelous innovations are occurring, independent of these bothersome short terms, and are indeed auguring well for the industry’s future!”

Observe These Portents of Progress:

  • The SEC pondereth an “innovation exemption,” to expedite the launch of crypto products before the year’s end. A most benevolent thought!
  • Nine European banks, led by ING, conspire to create a euro-backed stablecoin, compliant with this “MiCA” – whatever that may be.
  • Cloudflare, a purveyor of internet services, doth announce a USD stablecoin, destined for a “next-generation” web, filled with “agents”. Most curious! 🧐
  • Tether, that titan of stablecoins, seeketh to amass $20 billion, valuing itself at a princely $500 billion!
  • And Kraken, another trading house, procureth $500 million, boasting a worth of $15 billion!

Read More

2025-10-05 08:53