Market commentator Miya has outlined an intriguing theory on why the Bitcoin price is poised to hit $110,000 by the end of the year. The expert pointed to current macro conditions that she believes will ultimately favor the flagship cryptocurrency.
Why The Bitcoin Price Will Hit $110,000
In an analysis titled ‘The Big Short against Retail,’ Miya predicted the Bitcoin price could reach $110,000 by year’s end. Simultaneously, she forecasts a drop in the S&P 500 to 4,700, suggesting a tumultuous period ahead for traditional equities. According to Miya, the stock market’s impending downturn will create a favorable environment for Bitcoin, which she refers to as “pristine.”
Miya expects Bitcoin to experience a surge amidst a possible downtrend in the stock market, as investors may view it as a safer investment alternative during times of economic uncertainty. She remarked that we are on the brink of a dire macroeconomic situation that could lead to a significant crash in stock values. These insights were provided in light of the recent nine consecutive days of gains in the stock market, a trend she believes is not sustainable.
Miya also highlighted three critical commitments made by Donald Trump to the market: lower interest rates, reduced tariffs, and tax cuts. These anticipated measures are believed to be already priced in, creating further optimism among traders. Currently, there is speculation around a potential rate cut in June, paired with discussions between the US and China aimed at lowering tariffs, which could also pave the way for tax reductions.
While this scenario has fueled the recent nine-day uptrend in the stock market, Miya cautions that the façade of strength may soon unravel, potentially leading to substantial volatility, benefiting Bitcoin in the aftermath.
Why The Stock Market Is Bound To Crash
Miya suggests that the present atmosphere of ‘up-only’ sentiment engenders a sense of complacency among retail investors, who have collectively placed a $57 billion bid on top of their accrued shares. She forecasts an imminent ‘containership recession trade’ that will impact the US economy, ultimately positioning Bitcoin as a hedge against this adverse macroeconomic environment.
Furthermore, Miya expressed skepticism regarding recent strong earnings from the so-called ‘Magnificent 7’ group of technology stocks, labeling the figures as artificially inflated and unreliable indicators of market strength. She emphasized that manufacturers in the tech sector typically produce in cycles, meaning that the repercussions of recent tariff changes have yet to manifest in their financials.
As of now, Bitcoin is trading at approximately $96,500, reflecting an increase of over 2% in the last 24 hours, according to data from CoinMarketCap.
