Bitcoin & Crypto
82 bullish · 23 bearish · 18 neutral · exact words, dated and sourced
+36Bitcoin and the crypto complex: cycle calls, price targets, and the argument over what it all is.
The count, last 30 days: 15 bullish, 9 bearish. The tape leans bullish. A count, not a verdict.
The tape vs the talk
The line is Bitcoin, last 90 days. Each dot is a claim as it landed on the tape: filled is bullish, outlined is bearish. Tap a dot to read it. Where the tape went after is context, not a verdict.
The tape
Jul 27
Aug 03
Aug 10
Aug 17
Aug 24
Sep 07
bullishbearishclaims filed per week
Where the numbers land
What the people who move markets are saying about this, in their own words. These are views on the record, not scored bets: when a call here grows a number and a deadline, it moves to the scoreboard. Newest first.
Bearish
McGlone tells Lin Bitcoin has bounced to resistance (around 80,000) and he thinks it is heading back down, leading risk assets lower.
And it's just broke up to a decent resistance level. And I think it's heading back downward.
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
Bullish
Tom Lee expects a really bullish 12 months for crypto (cycle bottom, leverage returning, FOMO, possible Clarity Act, Wall Street on blockchain).
I think it's going to be a really bullish period for crypto for the next 12 months
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
Bullish
Tom Lee, chairman of Ethereum-treasury Bitmine, is bullish on Ethereum as the lever for AI-driven financial-services change.
And that's why we're really bullish on Ethereum as well
Ether since this was said: ▼ -0.3% · 2,468 → 2,459 · as of 2026-09-11
Bullish
Tom Lee says crypto, the best macro asset in Q3, might double again in Q4 2026 and could double again in 2027.
it's the best performing macro asset already in the third quarter and maybe it might double again in the fourth quarter and then it could double again next year
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
Bullish
Tom Lee recommends a 2% crypto/Bitcoin allocation, as Fundstrat has for more than a decade.
we've been advocating a 2 percent position for more than a decade
Bitcoin since this was said: ▼ -1.7% · 78,283 → 76,930 · as of 2026-09-11
Bearish
Michael Bucella of Neoclassic Capital tells CNBC altcoin leverage is approaching the levels seen just before the October 2025 liquidation, so investors should proceed with caution.
We're approaching leverage levels last seen in October, 2025, just before we had a very large liquidation and a pretty substantial move lower in the market. I'm not saying that this move isn't sustainable. I'm just saying you should proceed with a lot of caution.
Bitcoin since this was said: ▼ -1.9% · 78,451 → 76,930 · as of 2026-09-11
Bullish
Michael Bucella of Neoclassic Capital tells CNBC Bitcoin looks relatively strong while the rest of the crypto market is starting to look riskier.
Again, Bitcoin looks relatively strong. The other rest of the market starting to look a little more risky.
Bitcoin since this was said: ▼ -1.9% · 78,451 → 76,930 · as of 2026-09-11
Bullish
Ryan VanGrack of Coinbase tells Bloomberg he is hopeful the Senate will elevate policy over politics and pass the Clarity Act.
So I'm hopeful that senators will elevate policy over politics and get this across the finish line.
Bitcoin since this was said: ▼ -2.7% · 79,093 → 76,930 · as of 2026-09-11
Bullish
Ryan VanGrack of Coinbase tells Bloomberg traditional finance, as shown by the bank stablecoin consortium, is inevitably moving toward crypto.
And that's something that we at Coinbase identified over a dozen years ago and we think inevitably they are moving in our direction and recognize the importance of this technology.
Bitcoin since this was said: ▼ -2.7% · 79,093 → 76,930 · as of 2026-09-11
Bearish
Peter Schiff says Bitcoin's bubble has popped, the highs are in, the recent rally to ~$79k was short covering, and the price is headed a lot lower.
But I think that Bitcoin is going to roll over. I don't think there's a lot of upside. I do think that the bubble has popped. I think the highs are in. I think we're headed a lot lower with Bitcoin.
Bitcoin since this was said: ▼ -2.7% · 79,093 → 76,930 · as of 2026-09-11
Bearish
Peter Schiff expects Bitcoin to break below $50,000.
But I think, you know, we break below $50,000 on Bitcoin
Bitcoin since this was said: ▼ -2.7% · 79,093 → 76,930 · as of 2026-09-11
Bearish
Peter Schiff says a break below $50,000 could trigger a wave of liquidations and bankruptcies among Bitcoin treasury companies, whose forced selling would have no buyers.
I think that could open up a trap door and you could see a massive wave of liquidation and a big run of bankruptcies, too, of these Bitcoin treasury companies.
Bitcoin since this was said: ▼ -2.7% · 79,093 → 76,930 · as of 2026-09-11
Bearish
Peter Schiff, forced to own one, would take US Treasuries over Bitcoin.
Well, I don't know, probably Treasuries. I probably own Treasuries over Bitcoin.
Bitcoin since this was said: ▼ -2.7% · 79,093 → 76,930 · as of 2026-09-11
Neutral
Todd Horwitz calls Bitcoin the biggest wild card: it could run another 10,000 before the pullback he expects at some point.
I mean it could rally another 10,000 before pulling back. It will have a pullback at some point, but we are now in the midst of the biggest rally in three years.
Bitcoin since this was said: ▼ -1.0% · 77,712 → 76,930 · as of 2026-09-11
Bearish
Todd Horwitz predicts Bitcoin, at 78,000, trades $4,000-5,000 lower at some point before his next appearance.
I would venture to talk that the next time you and I talk, it may not be there when we talk the next time, but at some point between now and then, it'll be four or $5,000 cheaper than it is right now.
Bitcoin since this was said: ▼ -1.0% · 77,712 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan (Bitwise) tells CNBC's Carl the White House crypto meeting is broadly positive for Bitcoin as a sign of continued administration commitment.
broadly it's positive for bitcoin specifically bitcoin is the largest asset in crypto and it generally benefits when the administration is focused on making crypto a hospitable place
Bitcoin since this was said: ▲ +22.4% · 62,844 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan tells CNBC the real winners from tokenization are DeFi apps (Uniswap, Aave, Hyperliquid, Chainlink) that will be re-rated from a $2tn to a $150-200tn addressable market.
the bigger winners from this sort of the key winners i think are actually the defy apps things like uniswap ave maybe hyper liquid even oracles like chainlink
Bitcoin since this was said: ▲ +22.4% · 62,844 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan tells CNBC the crypto outlook into year-end 2026 is good even without CLARITY, but on a more gradual path because rules could be reversed by a future administration.
i still think the outlook for the end of the year is good but it's probably a more gradual path because there will be concerns that future regulatory advances could be reversed in a future administration.
Bitcoin since this was said: ▲ +22.4% · 62,844 → 76,930 · as of 2026-09-11
Bearish
Jeff Booth says every attempt to centralize Bitcoin or build new-use-case coins has failed; Bitcoin only needs to be money.
There's a whole bunch of trying to centralize Bitcoin, or trying to centralize all these other coins, new use cases, which I haven't seen one work.
Bitcoin since this was said: ▲ +22.1% · 63,031 → 76,930 · as of 2026-09-11
Bullish
Jeff Booth says Bitcoin remains decentralized and secure today, and the BIP110 fight usefully surfaced weaknesses that will now be addressed.
But do I think Bitcoin's decentralized and secure right now? Yes, I do.
Bitcoin since this was said: ▲ +22.1% · 63,031 → 76,930 · as of 2026-09-11
Bullish
Jeff Booth says Strategy is likely fine and, if Bitcoin emerges as a currency, becomes one of the most valuable companies; if Bitcoin stays a mere financial instrument it could be taken over by the government.
It won't, because Bitcoin is emerging as a currency. And if Bitcoin emerges as a currency, then strategy becomes one of the most valuable companies around, because they went to where they went to early.
Bitcoin since this was said: ▲ +22.1% · 63,031 → 76,930 · as of 2026-09-11
Bullish
Jeff Booth says the transition to a Bitcoin-based system is inevitable and only the timeline is uncertain; mining pools, mining centralization and a single reference implementation are short-term risks.
I think it's inevitable, it's just a matter of timeline.
Bitcoin since this was said: ▲ +22.1% · 63,031 → 76,930 · as of 2026-09-11
Bullish
Patrick McHenry predicts the Clarity Act (crypto market-structure bill) will pass later in 2026 and that the banks' stablecoin-yield lobbying will not change votes.
they've got to shoot their shot otherwise clarity act will will be passed later this year
Bitcoin since this was said: ▲ +21.3% · 63,409 → 76,930 · as of 2026-09-11
Bullish
Patrick McHenry predicts banks themselves will offer stablecoin yield in short order after the Clarity Act passes, as they did with money-market funds.
I think likewise you're going to see yields on the stablecoin products or some return of value to the users of stablecoin products and banks will be offering it
Bitcoin since this was said: ▲ +21.3% · 63,409 → 76,930 · as of 2026-09-11
Bearish
Clem Chambers says if Bitcoin breaks down out of its range it will fall a lot, under $40,000; upside is unknown, and he considers it unsafe to hold.
And if it breaks down, it's going to go down a lot. It's going to go under 40,000 if it breaks up. Well, who knows?
Bitcoin since this was said: ▲ +21.3% · 63,409 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan (Bitwise) tells Bloomberg the custody/product hack is positive for crypto ETF flows because investors want institutional protections.
So I do think this is positive for ETF flows in the crypto market.
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan (Bitwise) tells Bloomberg that Bitcoin ignoring bad news is a sign crypto winter may be bottoming, with a strong end to 2026 possible.
I think it's a sign that we may be at the bottom of this crypto winner and that we may have a strong end of the year.
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan (Bitwise) tells Bloomberg large wealth-management platforms approving crypto ETFs are the next marginal buyer of Bitcoin, a slow-burn catalyst.
I really think that's the next marginal buyer of Bitcoin coming into the market and that's not a one minute catalyst.
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Neutral
Matt Hougan (Bitwise) tells Bloomberg the crypto market is down 50% from its all-time high even as wealth platforms keep approving crypto ETFs.
That's something that takes place over time you know over the past few months despite a market that's down 50 percent from its all time high.
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Bullish
Matt Hougan (Bitwise) tells Bloomberg the coming crypto bull market will be slower, less volatile and more institutional, lifting prices higher over time.
Look I think this bull market is going to be slower less volatile and more institutional than bull markets in the past.
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Bullish
Yoni Assia (eToro CEO) tells CNBC he is very bullish long term on crypto and on Bitcoin as digital gold, framing the current downturn as the usual four-year cycle.
I'm very bullish on crypto, long term, very bullish on Bitcoin as digital gold
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Neutral
Yoni Assia says eToro's crypto traders moved first into gold, silver and oil in Q4-Q1 and then into equities in Q2.
We've seen a huge transition actually for the first time of crypto traders going into commodities actually trading gold, silver, oil in Q4 and in Q1.
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Bullish
Ian Rogers (Ledger) says the Coldcard hack is not evidence that hardware wallets or self-custody are inherently risky; security level matters wherever crypto is held.
So I think that it would be wrong to look at this as a self custody issue or a hardware wallet issue
Bitcoin since this was said: ▲ +20.4% · 63,916 → 76,930 · as of 2026-09-11
Bullish
Asked where institutional adoption stands ('nine inning baseball game'), he says the stalled Clarity Act is the missing catalyst and its failure is already priced in.
the like one big catalyst that we are currently lacking is the clarity act for sure. And in my opinion in our opinion it's basically price tend to fail this year and it's potentially priced and to fail even even with this administration as well. And so if it passes it will it should be potentially like the biggest catalyst possible for not just for Bitcoin but for your alts as well.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Neutral
Direct answer to 'What if it doesn't pass?' about the Clarity Act, following his 'priced to fail' comment.
Well like I said I think it's already priced in. So I don't think we can. We will see a lot worse conditions that are currently.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Clip from the prior week's show, aired to set up the institutional-adoption theme before the Wintermute interview.
We see the entire financial industry as both partners and potentially competitors because at the end of the day the future of finance is going to run on crypto rails and Coinbase has been a leader in that regard. So we see an inevitable convergence between traditional finance and crypto. So that a couple of years from now even your questions are not going to be identifying this dichotomy within the industry but rather talking about how every modern financial institution is embracing the efficiencies and benefits that crypto provides.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Pressed on 'when,' after arguing the pre-August-recess window is the last good one before midterms and lame duck; also says 'given my years of experience in the Senate and on Capitol Hill I think we're going to get there' [933880-941030].
By the end of the week I think we'll at least have a some kind of closer vote at least to see where you know it to see where everyone is to see if we can you know move ahead with the bill.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Asked whether AI-pivoted miners would flip back to mining if Bitcoin goes past $130,000 again; says nimbleness is a feature and the decision matrix is power-cost driven.
I suspect you will see both. And it likely makes these firms more robust not less.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Explaining demand behind Visa's stablecoin platform launched three weeks earlier, built to let financial firms issue, move and manage stablecoins; launched with open USD rather than USDC/USDT.
And I think at this stage every bank needs to have a stablecoin strategy.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Answering why stablecoins need Visa when adjusted stablecoin volume hit a record $1.79T in June and $8.8T in H1 mostly without Visa; cites ~$10B annualized stablecoin settlement and Western Union's new stablecoin card.
So we've seen stable coin link cards growing at triple digits over the past year and nearly every week there are new stable coin link card programs that are going live across our network.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bearish
Replayed exchange with anchor Romain Bostick, who pushes back 'at some point it's going to happen'; Dolev holds that it's off the table this year.; quote joins non-contiguous passages within the same answer (verified part-by-part)
Clarity act is not happening. ... It's not going to happen. You know this year.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Asked if tokenization is a five-year or 20-year problem; compares the migration to mutual-funds-to-ETFs and the still-incomplete cloud transformation.; quote joins non-contiguous passages within the same answer (verified part-by-part)
So I think I suspect it's a five year problem maybe five to 10. ... And so I think that inflection point is maybe five years out.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bearish
BTC ~$64K, half its 12-month high, below the firm's $75K average cost; rare concession.
Yeah, look, I think Bitcoin is going through a bear cycle right now.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bullish
Predicts a bull cycle next year with Strategy outperforming Bitcoin. EVENT: will, dated 2027.
And what strategy is designed to do is to outperform Bitcoin in a bull cycle, which I expect to happen next year.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Neutral
After selling 1,600+ BTC for ~$105M; sales fund dividends and buybacks. Checkable vs filings.
No, we're not a forced seller of Bitcoin.
Bitcoin since this was said: ▲ +21.2% · 63,465 → 76,930 · as of 2026-09-11
Bearish
ICBA study she cites if stablecoin yield is allowed. STRENGTH corrected firm->leaning: 'up to' upper bound, lobbyist citing her own group's study
“one point three trillion dollars in deposits leaving the community banking system”
Bitcoin since this was said: ▲ +20.8% · 63,701 → 76,930 · as of 2026-09-11
Bullish
Coinbase read on the bill; event claim will. the one-yard-line phrase belongs to Bessent via the host; the bill has been 'close' before
“we remain very very close to passage”
Bitcoin since this was said: ▲ +20.8% · 63,701 → 76,930 · as of 2026-09-11
Bullish
BTC total value vs today. no timeframe; he concedes his crypto fund is down this year
“It could easily be a $10 trillion market capitalization”
Bitcoin since this was said: ▲ +19.6% · 64,318 → 76,930 · as of 2026-09-11
Bearish
5-year BTC forecast in the Pompliano debate. clean binary vs the Jul-2031 print; reaffirmed on tape (Really? - Yeah)
“I think five years from now, Bitcoin will be lower than it is today”
Bitcoin since this was said: ▲ +16.4% · 66,077 → 76,930 · as of 2026-09-11
Bearish
where BTC long-term support sits. teaser cold-open placement at t0=0; in-body version conditional on BTC first breaking 50K
“20, 30,000 is still a big number for Bitcoin”
Bitcoin since this was said: ▲ +16.4% · 66,077 → 76,930 · as of 2026-09-11
Bearish
host conceding BTC stagnation despite tailwinds
“the price is not higher than it was five years ago”
Bitcoin since this was said: ▲ +16.4% · 66,077 → 76,930 · as of 2026-09-11
Neutral
On Schwab's spot crypto rollout. He attributes the decline partly to price: 'some of that's related to the price action, I'm sure there's other reasons' @29:17, while noting Schwab will still 'make crypto available for transfers by the end of the year' @29:05 because clients want it regardless of interest level.
“You know, the level of interest in crypto right now I think is lower than it has been. It's really declined.”
Bitcoin since this was said: ▲ +18.0% · 65,185 → 76,930 · as of 2026-09-11
Bullish
Replayed clip recorded the prior week. She says the bill has taken 'virtually every day for the last 10 months' and 'we're ready' @0:39, the point being to give markets stability 'if they remain onshore in the United States' @1:03; asked if it hits the Senate floor the week of July 20th: 'I expect it will be that week' @1:21.
“It's very important that we get this bill across the finish line before the August recess begins.”
Bitcoin since this was said: ▲ +18.0% · 65,185 → 76,930 · as of 2026-09-11
Bullish
Status update: 'I think we're almost there. Maria I don't know that we get to it this week' @2:37, with the Senate in session a couple more weeks; the big open item is Democrats reading newly negotiated amendments, with DOJ as prevailing enforcer making 'all the sense in the world to me' @2:04, while the securities intermediaries definition remains contested by the industry.
“But I'm with Cynthia. We have to get this done in my view before the August recess.”
Bitcoin since this was said: ▲ +18.0% · 65,185 → 76,930 · as of 2026-09-11
Neutral
Explaining the new S&P DJI / Pantera Capital digital-asset index (18 constituents, top five Ether, Binance Coin, Solana, Tron, Hyperliquid per host @0:52; top token capped at 35 percent @2:09). The next transcript line, 'It meets all of the criteria,' appears to be a whisper stitching garble about the included tokens.
“Bitcoin is not in there because it's really not one of those revenue-generating protocols that we think belongs in this index.”
Bitcoin since this was said: ▲ +18.0% · 65,185 → 76,930 · as of 2026-09-11
Bullish
Speaking on the milestone of Circle's OCC charter - 'the first de novo digital asset bank by the OCC in American history is a very big milestone' @0:46 - under the Genius Act, 'which will go into effect in January of 2027' @1:38; the market is 'now penetrating capital markets with major capital markets firms' @2:04.
“we're now - right now, we're, in my view, in the still very early stages of the stablecoin market. It has really been a market that grew out of the digital asset trading market. It's now becoming a market for payments.”
Bitcoin since this was said: ▲ +19.0% · 64,670 → 76,930 · as of 2026-09-11
Bullish
The mechanism: 'once the Genius Act goes into effect in January, every major institution, every major bank, every capital markets firm, payments companies, enterprises, public companies can all now build on this infrastructure, treat it as digital cash in the economic system' @2:08.
“And that's a huge opening up. And that's why analysts look at this from a trillion dollars to several trillion dollars in the coming years. So we're at the start.”
Bitcoin since this was said: ▲ +19.0% · 64,670 → 76,930 · as of 2026-09-11
Bullish
Asked if the worst is over for Strategy and Bitcoin: 'I do, I think we've gotten shaken out' @4:25, though only 'not into a full blown bull market, but... a mixed market' @4:30. On Strategy: 'It's kind of like holding a 3X ETF in the name' @4:48, doing worse than Bitcoin down and better up.
“I think there is more good news to come from Bitcoin. That is a name that has definitely been washed out and people have kind of given up on and turned their backs on.”
Bitcoin since this was said: ▲ +19.0% · 64,670 → 76,930 · as of 2026-09-11
Bearish
Rejects the Tom Lee $100k year-end call; says a break higher needs the Clarity Act, Fed cuts and a fresh buyer base, none of which he sees.
“80 is gonna be a top... But I would say we're 60/80 for the rest of the year”
Mike Novogratz · Galaxy Digital · markets @BitcoinBitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bullish
Too many store-of-value holders committed for it to break down.
“I think Bitcoin probably holds 60,000.”
Mike Novogratz · Galaxy Digital · markets @BitcoinBitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bearish
Avalanche/Solana-type 'association tokens' that added no economic value.
“some will survive, but many will drift down because they were really association tokens.”
Mike Novogratz · Galaxy Digital · markets @AltcoinsBitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bearish
Vitalik's reduced presence weakened Ethereum's store-of-value case.
“less presence hurt that ecosystem because he was such a charismatic in his own way and brilliant and decent guy”
Mike Novogratz · Galaxy Digital · markets @EthereumBitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bearish
Says Saylor is not a fraud but is over-levered and a drag on BTC.
“he put too much leverage onto a big pile of coins and he's got to dig himself out of this over leveraged position.”
Mike Novogratz · Galaxy Digital · markets @BitcoinBitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bullish
Inverse head-and-shoulders target; a break of 58k flips him bearish.
“maybe we're due for a run up to about the 71, 72,000 level... If it ever takes out the 58,000 level to the downside, then I would have to flip back to being bearish for a move down to 50,000”
Bitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bullish
Hindi frames FHE encryption as the 'HTTPS for on-chain finance' with strong winner-take-all network effects; notes if just 5% of Apex/T-Rex's planned $100B tokenization is shielded, Zama would already exceed Zcash in value shielded.
“so that in, let's say, four years, 95% of financial transactions on Ethereum and Solana will be encrypted using Xama. That's the goal, 95% in four years.”
Ether since this was said: ▲ +33.6% · 1,841 → 2,459 · as of 2026-09-11
Bullish
ETH 'up close to 20% month to date' as of yesterday's close @33:03: would be its best month since August last year, and the biggest outperformance vs Bitcoin since then. Thesis: AI agents + tokenization + stablecoin/RWA volumes make ETH 'the revenue side of crypto.' 'I'm trading it actively. I'm trying to make sure that if the bottom is made here, it's there.' @34:40. Teaser duplicate of this line at 0:10-0:27; in-context occurrence filed.
“Once we get above the 200 day moving average, I believe we're at the start of something new”
Ether since this was said: ▲ +33.6% · 1,841 → 2,459 · as of 2026-09-11
Bullish
'I think every single asset is going to run through a problem where AI is going to run into its moat.' @16:17. Built on Demis Hassabis's ~2030 AGI timeline ('the world is going to change over the next three years'). His crypto allocation: 'it's Bitcoin, Ethereum, and MicroStrategy.' @35:23; notes Bitcoin vol at 30 vs AI-factor vol near 100, so 'you can have three times as much Bitcoin on a vol adjusted basis as you can AI.'
“Bitcoin is the only thing that has a moat, which is what's an asset that I don't have to worry about it being disrupted by AI, but I still have to invest.”
Bitcoin since this was said: ▲ +20.4% · 63,905 → 76,930 · as of 2026-09-11
Bullish
BTC recently broke below $60,000; his first RSI divergence since the cycle peak, he says
“My belief is that over the course of the next year, we are near the bottom end of the range of Bitcoin. And see how I said that near? Could we go to 50? Yeah. Could we go to 45? Yeah. Do I think we'll be over a hundred a year from now? Yeah.”
Bitcoin since this was said: ▲ +21.7% · 63,193 → 76,930 · as of 2026-09-11
Bullish
Conditional on no July 29 hike
“If they don't, then I think Bitcoin will be above 70,000 when that time comes”
Bitcoin since this was said: ▲ +21.7% · 63,193 → 76,930 · as of 2026-09-11
Bullish
Thesis: tokenization plus stablecoins as part of a new economic order
“And that's the reason why I think you're at the beginning of a multi-year bull market in Bitcoin.”
Bitcoin since this was said: ▲ +21.7% · 63,193 → 76,930 · as of 2026-09-11
Bullish
Meaning: next year's breakout trade, as memory chips were this year's
“crypto will be the memory for next year.”
Bitcoin since this was said: ▲ +21.7% · 63,193 → 76,930 · as of 2026-09-11
Bullish
Principal talking his own book: Nexo lends against crypto collateral
“And, you know, generally I'm bullish on crypto, you know, going forward.”
Bitcoin since this was said: ▲ +21.7% · 63,193 → 76,930 · as of 2026-09-11
Bullish
Confirming users commonly borrow against bitcoin to buy more bitcoin; he calls it 'a good use case if you're bullish'
“That is a common behavior, and we do see it.”
Bitcoin since this was said: ▲ +21.7% · 63,193 → 76,930 · as of 2026-09-11
Bullish
On bitcoin at current prices:
“I'm buying like crazy.”
Bitcoin since this was said: ▲ +23.6% · 62,247 → 76,930 · as of 2026-09-11
Bullish
His bitcoin fair-value estimate:
“I believe it's under priced right now. I think it should be $150,000 today. Maybe 180, 190.”
Bitcoin since this was said: ▲ +23.6% · 62,247 → 76,930 · as of 2026-09-11
Bearish
“I see very little upside for Bitcoin. The only thing that could happen is that, you know, again, if the AI bubble bursts, the Fed start cutting interest rates, maybe crypto becomes more interesting then.”
Bitcoin since this was said: ▲ +21.0% · 63,586 → 76,930 · as of 2026-09-11
Neutral
On AI-lab finances:
“the consortium will struggle, but that it's not great for Circle. And that's where we are.”
Bitcoin since this was said: ▲ +21.0% · 63,586 → 76,930 · as of 2026-09-11
Bullish
On bitcoin carving a bottom in the high 50s:
“whether we end here at 59 or 58 or we look down to 54 I don't think we're gonna see a number that starts with 40”
Ether since this was said: ▲ +37.8% · 1,784 → 2,459 · as of 2026-09-11
Bullish
“Ethereum is the toll road to tokenization”
Ether since this was said: ▲ +37.8% · 1,784 → 2,459 · as of 2026-09-11
Bearish
“I don't even know if Bitcoin is going to be around in another decade”
Bitcoin since this was said: ▲ +21.0% · 63,586 → 76,930 · as of 2026-09-11
Bullish
“I still think Bitcoin is going to be materially higher in one year”; telling clients “you want to have your full position by October”
Bitcoin since this was said: ▲ +21.9% · 63,088 → 76,930 · as of 2026-09-11
Bullish
If you believe bitcoin is a digital store of value, he argues:
“then you got to sit in Bitcoin and you got to hold it”
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
Bullish
Asked how he'd build a portfolio today:
“I would have probably 30 percent in Bitcoin. I would probably have a basket of some of these AI companies”
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
Bullish
Lee says he is bullish on crypto because blockchain will be how humans control the wealth of AI agents.
Similarly, I'm bullish on crypto because I think as agents and AI become a lot wealthier
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
Bullish
Lee says Bitcoin will be over 100,000 by year-end.
I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
Bullish
Lee says Ethereum will be back over 5,000 by year-end.
I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000
Ether since this was said: ▲ +44.8% · 1,699 → 2,459 · as of 2026-09-11
Neutral
Lee says if Bitcoin does not bounce June-September (a fourth down quarter), something may be broken.
So this would be a test that if they don't bounce from June to September, then you're right, maybe something's broken
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
Neutral
Lee says Bitcoin trades about 5% below mining production cost; 50% below would break the network.
And I think Bitcoin is like 5% below production cost right now
Bitcoin since this was said: ▲ +25.1% · 61,490 → 76,930 · as of 2026-09-11
Bullish
Bitcoin over 100,000 by end of year and Ethereum back to over 5,000 (from ~58K / ~1,600 now)
Tom Lee · Fundstrat Global Advisors · Prof G Markets (yt kL3CAFG5MiIBitcoin since this was said: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
Bullish
“I believe you're gonna see Bitcoin over 100,000 by the end of the year. And Ethereum back to over 5,000”; also: “I think Bitcoin is like 5% below production cost right now”
Bitcoin since this was said: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
Bullish
On Warsh's Fed and White House pressure:
“it seems to be in a bottoming process. We believe that it has bottomed”
Bitcoin since this was said: ▲ +28.3% · 59,968 → 76,930 · as of 2026-09-11
Bullish
“I think it's gonna accelerate. I think it's every single thing is gonna be repriced in Bitcoin. Everything over time.”
Bitcoin since this was said: ▲ +29.3% · 59,495 → 76,930 · as of 2026-09-11
Bullish
“I believe that the long-term IRR of Bitcoin is going to be about 40%.”
Bitcoin since this was said: ▲ +29.3% · 59,495 → 76,930 · as of 2026-09-11
Bullish
If you don't own Bitcoin, you're basically short Bitcoin
Jeff Park · Bitwise · When Shift Happens (Bitwise)Bitcoin since this was said: ▲ +17.2% · 65,619 → 76,930 · as of 2026-09-11
Bearish
Michael Oliver tells Kitco Bitcoin, already down more than 50% from his short signal, is going to 30,000.
That's more than a 50% drop. I think we're going to 30,000. But the S&P has the same structure waiting below it now.
Bitcoin since this was said: ▲ +20.6% · 63,811 → 76,930 · as of 2026-09-11
Neutral
“I think what you're going to end up seeing is a handful of Ethereum digital asset treasuries who are professionally managed who've raised significant enough capital to get actual scale”; “Bitcoin is not a natively productive asset. Ether if you stake it in the Ethereum ecosystem can yield nearly 3 percent”
Bitcoin since this was said: ▲ +12.0% · 68,672 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells host Mando crypto is not 'up only' yet (tariff on/off noise, possible end-of-month shutdown) but turns positive once the shutdown resolves and the Clarity Act passes around end-January 2026.
So I don't think it's up only yet, but I do think that by sort of, once we get clarity over that shutdown, I think we also get the clarity act through as well.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Neutral
Raoul Pal tells Mando that Sui, up ~40% in about 1.5 weeks, probably needs short-term digestion; not a bearish call.
stuff like Sue is up 40% in a week and a half or so. It probably needs a bit of digestion.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando that AI's hunger for data plus crypto rails will create data marketplaces, so within five years owning one's data becomes a source of income (the web3 'own' ethos).
in the next five years, it'll become very apparent that owning our data was one of the things that gave us income.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando Barry Silbert will be proved right on Bittensor (TAO): the weekly chart is a 'killer' bull flag with a big move to come, though he owns none.
And I just think bit tensor, if I look at the weekly chart, it's like it's a killer chart. I don't own any.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando the AI-agent narrative in crypto will favour chains that process at agent speed, which feels like a Solana/Sui world more than an ETH world, though layer-2s might manage.
I think a lot of them is gonna be just who is able to process at the speed that agents require.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando that with liquidity still rising, debt to refinance and fiscal stimulus coming, crypto and technology look good and 2026 is a good year.
So we read a lot about that, that just for crypto looks good, technology continues to look good because liquidity still coming into the system.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando the signal to turn cautious on Bitcoin is the ISM nearing 60 plus a peak in the rate of change of financial conditions, and he does not think that point has been reached.
And if it's near 60, you want to be a little more cautious 'cause Bitcoin sniffs at that peak in the ISM very quickly along with the peak in financial conditions rate of change. But I don't think it's there yet.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando that per GMI's model Bitcoin should be around $140-160K had the October liquidation not happened, the discount is temporary, and closing that gap is the feature of 2026.
also in the global macro investor, we looked at the undervaluation of Bitcoin versus where it should be. It should be somewhere around 140 to 160,000 had that not have happened.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando it makes no sense that crypto dies given its network effects, banks building on-chain, the Clarity Act and rising liquidity, so the underperformance is temporary.
is it likely the blockchain technology which has this most powerful network effects of any investment asset class in history suddenly just dies to death. While every single bank is about to build on it, the government's about to pass the clarity act.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando he does not trade in and out of crypto but sits with it as 'the gift that keeps on giving over time' rather than chasing gold or silver.
I just sit with it and say, it'll be the gift that keeps on giving over time.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando his crypto book is mainly Sui, with some majors and a lot of ETH held because of his NFT/digital-art bet.
Mainly Siri. And you know, I have a bit of majors and a lot of ETH because of NFTs.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells Mando the case for ETH is very strong over time, on the same roughly 10-year horizon as his digital-art thesis.
And I think the ETH case is very strong going forwards over time.
Ether since this was said: ▼ -20.8% · 3,106 → 2,459 · as of 2026-09-11
Bullish
Raoul Pal tells Mando that over the full cycle crypto will have outperformed AI stocks because of its convexity and reflexivity, so he stays patient in crypto rather than picking chip names.
If we go through this cycle in the end, what will have done best? It'll have been crypto just by the very nature of its convexity and its reflexivity.
Bitcoin since this was said: ▼ -15.5% · 91,028 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal guesses the Trump administration will do whatever it takes on liquidity (paper over year-end funding cracks) because winning the 2026 midterms matters to it, which he reads as supportive for crypto and risk assets.
I don't know. My guess is 2026 is really important for the Trump administration to try and win. So they will do anything they can.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Neutral
Raoul Pal speculates that Binance's internal market maker absorbed ~$20bn of Oct-10 liquidations and has been offloading $0.5-1bn a day for ~40 days, explaining the relentless daily selling in altcoins and Bitcoin.
So my guess is you've got a massive overhang of stuff. You probably bought it cheap. There may not even be a loss on this stuff, but they have to offload it. And so every day they offload a billion bucks a day or half a billion bucks a day every day for 40 days.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal says 2026 'probabilistically' has to be a good year for crypto because liquidity, fiscal stimulus, regulation changes and a midterm-motivated Treasury are all lined up.
has to be a good year, because of liquidity, fiscal stimulus, and all the other stuff that's coming, regulation changes, and a Treasury Secretary who really understands about the business cycle and how we need to jam it if you want to win the midterm elections
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Neutral
Raoul Pal says Bitcoin dominance is driven by the business cycle: it stays high while the cycle is weak and altcoins start outperforming once the cycle (ISM) turns up.
So from the work that we do, Bitcoin dominance is driven by the business cycle. So if the business cycle is lackluster or early stage, then Bitcoin dominance tends to be higher.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal says the institutional tokenization wave accrues to smart-contract chains (Ethereum, Solana, other layer-1s), not Bitcoin, and allocators are wildly underweight them.
But the actual action is about to happen in smart contract land, and people are wildly underweight that.
Ether since this was said: ▼ -21.5% · 3,131 → 2,459 · as of 2026-09-11
Neutral
Raoul Pal says crypto networks should be valued on Metcalfe's law (users x value transacted), not cash flows, which he calls irrelevant today and possibly relevant only in ~15 years.
So I don't think cash flows are relevant at all today. They might be in 15 years' time, but not today.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal guesses institutions like BlackRock and DTCC will come around to public decentralized chains for security, with some private chains persisting like intranets.
So my guess is they'll come around to it. But yes, there will be some private chains, much like there's still private intranets.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal projects total crypto market cap rising from ~$3tn to about $100tn within roughly 10 years, by 2032-2034, by extrapolating the log trend.
I keep saying to just extrapolate out the log trend of the market cap of crypto, we're at $3 trillion today. If you extrapolate it out into this nice log regression like we all do on the Bitcoin chart, you get to about $100 trillion in 10 years time, or less, by 2032, 2034.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal tells host Scott that his model requires ~$7-8tn of new liquidity in the next 12 months and expects authorities to deliver it via SLR changes, fiscal stimulus and TGA drawdown, which is bullish for Bitcoin and risk assets in 2026.
And that tells us we need to create about $7 or $8 trillion of liquidity in the next 12 months to pay the interest on the debts.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Neutral
Raoul Pal thinks the Zcash privacy thesis is right and the asset may matter in future, but expects it to be a hard asset to hold because banks and governments will try to shut it down.
I think the thesis is right, and it probably has a very important role in the future. But fuck me, it's going to be a hard asset to own when every bank wants to shut it down and every government wants to shut it down.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Neutral
Raoul Pal says Bitcoin no longer has an 85% drawdown in it; a roughly 50% maximum drawdown is now normal, in line with risky tech stocks.
Once we're at down 50, we're in the world of normal, in my opinion.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bullish
Raoul Pal expects Bitcoin to go multiples higher in the coming bull phase, a tripling or quadrupling rather than a doubling.
Look, significantly higher, you know, multiples of here. So, you know, I'm not talking about a doubling.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Neutral
Raoul Pal says global liquidity explains about 90% of Bitcoin and risk-asset price action and everything else is noise.
Because liquidity is 90% of all price action, which is boring. It's weird, but everything else is just us talking when really it's all done by that.
Bitcoin since this was said: ▼ -15.1% · 90,614 → 76,930 · as of 2026-09-11
Bearish
Bitcoin will certainly go to zero (he hedges: in the distant future)
Jeremy Grantham · GMO · Diary of a CEOOn the scoreboard
Voices in this debate who also have scored calls on the ledger.
Tom Lee · 3 of 12 correctMatt Hougan · 0 of 1 correctMike Novogratz · 0 of 1 correctCathie Wood · 3 of 5 correctRaoul Pal · 0 of 3 correct
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We write down what public figures predict, in their exact words, and check the result when the deadline arrives. Every line links to its source. How we score · Corrections · The scoreboard · The data
© 2026 Pundit Rumble · independent and unaffiliated · updated every market morning · not investment advice.