The CoinSpeech team collected the most important takeaways from Ivan on Tech’s recent appearance. Below, find a summary of his key insights, and you can also watch Ivan on Tech’s new video:
Bitcoin’s Path to 90K
Currently trading at $71.1k, Bitcoin is nearing the upper side of its channel. Ivan remarked enthusiastically, “We are basically Banning on heaven’s door yet again.” If Bitcoin breaks out, the next target is $90k due to psychological resistance at 100K. Peter Brandt’s long-term outlook suggests Bitcoin could peak at 150K by the end of 2025.
MORALIS Money’s New Design
The cryptocurrency analysis site Moralis Money has introduced a new design on its homepage, highlighting coins based on their hype score. Ivan explained, “Hype score is basically the different metrics such as buy pressure, price, and holders.” The site aims to provide real-time insights, making it easier to spot trending altcoins.
Institutional Inflows and Bitcoin ETFs
Institutional interest in Bitcoin is surging, with massive inflows recorded. Ivan noted, “We have crazy inflows guys, you look right now at the current day… 800 million inflow on June 4th.” Major firms like BlackRock and Fidelity are increasing their Bitcoin allocations, emphasizing its growing institutional appeal.
New Cryptocurrency Projects
A new Layer Two solution called Phoenix has raised $15 million to focus on data confidentiality. Ivan highlighted the innovation, saying, “It is considered to be the Holy Grail of cryptography.” Meanwhile, Ripple predicts an ETF launch by 2025, and Watford FC is tokenizing 10% of its club to raise funds.
Real-World Uses of Crypto
Ivan shared his personal experiences, explaining how Bitcoin solves real-world problems. “Sending money across the world, you don’t really think about it because you take it for granted that it’s going to be hard,” he said, noting that once you understand Bitcoin, “It takes years to truly get it beyond that.”
Final Thoughts on Market Trends
The market sentiment is optimistic as Bitcoin eyes a breakout. Ivan advised, “It’s not a question of if, it’s a question of when.” He believes there is an 80% chance that Bitcoin will smash through current resistance levels and head towards new highs.