The CoinSpeech team collected the most important points from Ivan on Tech’s recent appearance, attributing the original thoughts to him. If you’re a crypto enthusiast, you’ll find Ivan on Tech’s new video embedded below for your convenience.
Altcoins On the Rise
Ivan on Tech began by noting that some coins in various portfolios are showing signs of recovery. Certain altcoins like Basenji and Bubble have soared with impressive gains. “Look at something like Basenji, 47% up. Look at something like Bubble, 31%.” This is especially exciting as these coins demonstrate substantial growth despite the ongoing bear market.
Ethereum’s Regulatory Victory
A significant development highlighted was the SEC’s decision to stop investigating Ethereum (ETH). Ivan quoted, “The SEC declares war on ethereum over. Investigation is closed.” This means Ethereum is essentially declared not to be a security, which is a massive win for ETH developers and participants.
Ivan emphasized, “Ethereum survives the SEC today. We’re happy to announce a major win for ethereum developers, technology providers, and industry participants.”
Major Market Predictions
Ivan referenced Bob Lucas, a renowned crypto analyst, who commented on current market cycles, predicting that the bull market might peak at the end of 2025. “According to Bob Lucas, if you overlay the last consolidation, chances are we may go back to 60k,” Ivan explained. Lucas believes that the current consolidation is healthy and indicates a stronger move in the future.
He also mentioned that institutions are derisking from Bitcoin, noting that “institutional demand, ETF anticipation pushed bitcoin price up faster than normal.” This behavior is common, as institutions tend to sell off when prices surge due to short-term gains, affecting market price stability.
Potential for New Crypto Narratives
Ivan argued that meme coins alone won’t drive the market forward, asserting, “For the market to really pump, I think we need a new narrative, something fundamental.” He highlighted the importance of core developments and projects like Solana, which show promise for innovating and sustaining market growth.
Global Financial Concerns
Ivan also delved into broader financial issues, highlighting the alarming interest rates on U.S. debt. “The interest rate on US debt is now bigger than the defense budget,” indicating dire financial strategies ahead.
Geopolitical Tensions
Switching to geopolitics, Ivan highlighted the EU’s controversial plan to monitor encrypted chats, stating, “They want to monitor all of the chats, even if it’s end-to-end encrypted… and they need to protect the kids by reading everybody’s chats.” Such developments are alarming and move against the ethos of privacy and decentralization that cryptocurrencies advocate.
For a deeper dive into these topics, watch Ivan on Tech’s new video: