"Jones, known for his endorsements of Bitcoin as a hedge against inflation, said the current market setup resembles the 1999 tech bubble, though with key differences that could make the upside even more dramatic. Bitcoin is currently pricing at all-time highs. It surpassed its previous record of $124,466 over the weekend. Over the past week, it climbed more than 13%, rebounding from $109,000 at the end of September to $125,900 today. Bitcoin last approached these levels in August."
"Jones pointed to the combination of a 6% U.S. budget deficit and an ongoing Fed easing cycle creating conditions unlike 1999, when a surplus and rate hikes prevailed. He noted that while the next year could see substantial market gains, investors should remain cautious, as the peak could arrive abruptly. Jones noted that the largest price increases occur in the 12 months leading up to a market top,"
Bitcoin reached new all-time highs, surpassing $124,466 and climbing over 13% in a week to about $125,900, rebounding from $109,000. The market setup resembles the 1999 tech bubble but differs due to a 6% U.S. budget deficit and an ongoing Federal Reserve easing cycle instead of a surplus and rate hikes. Gold and Bitcoin are identified as major beneficiaries alongside retail-favored meme stocks. The largest price increases typically occur in the 12 months before a market top. Investors are advised to practice active risk management and consider allocations to gold, crypto, and Nasdaq tech equities.
Read at Bitcoin Magazine
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