Bitcoin to $100K: Why This Bull Market Is Just Getting Started

John (0:00)

But the thing I think it matters the most for crypto is the fundamental adoption of crypto, the institutional bull market in crypto, the dam breaking from a regulatory perspective in crypto, the SEC allowing this innovation exemption, which is taking the handcuffs off of the industry in many ways. And I think that the market is repricing that.

LG (0:16)

What's up, everybody? It's LG Dussat here, and welcome to the Milk Road Show, the daily crypto show that feels like Q4 is gonna be the big one we've been waiting for, even if we say that every single year. Today is October 5th, 2026 You know what this coming Saturday is?

Well, yes, it's Canadian Thanksgiving, where we share our favorite poutine recipes and prepare our igloos for the winter while enjoying a good old CFL game. But it's also the one year anniversary of 1010, a day that will live in infamy on name alone when the golden bull was horrifically interrupted in crypto. John and I live streamed that day, one of the first of many collaborations to come between us. And we've been running this channel every single day since then, keeping the dream alive. Today, we're gonna circle back on that and also talk about how crypto conditions are completely different now and why you should be just as frothy as John is and why some of these projections you're seeing on the timeline of like Bitcoin to all time high by the end of the year. Well, maybe they'll come true, or maybe the macro will prevent them from coming true. And if you want to see how John is building his crypto portfolio right now, including his full stable of delicious looking alts, all that is in Milk Road PRO. We'll be recording an extra 15 minutes session at the end of this to talk about his picks as well. It's called Milk Road PRO after hours. So if you're a PRO member, make sure you stick around for that. And if you're a wannabe PRO member, it's just a dollar to join at the link below. And a reminder that our podcast today is free and that it wouldn't be possible without our partners at Nexo, the digital asset platform lets you trade, earn and borrow all in one place. Keep an ear out for more information about them later in the show.

John Bonjour.

John (1:43)

That's the most Canadian introduction to the show that I think we've ever had. So thank you, LG.

LG (1:48)

It feels too clean. I would have to have a really bad accent on top. Bonjour.

That would have been more. I would have a French-Canadian accent the whole time.

John (1:56)

That would be way better. Bonjour to you too, my friend.

LG (1:59)

I could just talk like Celine Dion the whole time if you want to make it even more Canadian. John, tell me, how the cryptos, are they looking pretty good today, huh?

John (2:08)

The first few seconds of this show are always the most awkward part of my week, so I'm glad you're having fun, buddy.

LG (2:14)

I think everybody, listen, everybody's having fun, man. This is like this is if we had a fear and greed index, but of like a John-o-meter, I feel like you'd be you'd be pretty high on it, right? Especially like compare in the context of the past, like years since 1010 Like this is you'd be at a like a 9.8 out of 10 or something, right?

John (2:31)

I don't think that a lot of people are having fun right now. Actually, I think a lot of people are scared. They're panicked. A lot of people in the equities markets are because they have a high stocks.

LG (2:39)

They're scared because they have stocks, right? Yeah, right.

John (2:41)

And because the yields are going up and because everybody's wetting themselves. But in the crypto markets, we are in a bull market. And so I feel like the only person on the timeline right now who's like, yay, everything is going great. I don't know how much this is going to continue because I think until we get a resolution to the conflict in the straight-a-fore moves and bond yields start to stabilize, the move index, which is the measure of volatility in the bond market starts to stabilize, we could continue to see some uncertainty in the risk asset markets. I think that it's unlikely to see that happen prior to the US midterms, or at least until we get much closer to the US midterms.

It seems like October could have some turbulence for a lot of these markets. However, the bull market in crypto is still holding. It's holding strong. Bitcoin right now, as of time recording, is at 85,000, Ethereum is at 2,700.