JPMorgan: Bitcoin To CRUSH Stocks & Gold (Here's Why)

Drew (0:00)

Welcome in, and happy Tuesday to everyone in the world. It's a beautiful day, folks.

My excitement is back, baby. It's been, honestly, it never left, but I'm starting to trade a lot more again. And I caught one this morning, folks. Had a long in from 81.4 at these green little entry arrows, and then I was filming an updated two-bit tutorial, decided to clip it when we ran into $83,000, maybe finding a little bit of headwinds there. The grander market feeling good, and the reasons why are abound. We had JPMorgan expecting Bitcoin to outperform every single major asset class over the next 10 years in its base case scenario. It's the first time the bank has put a 10-year return projection on Bitcoin. JPMorgan, one of the biggest banks in the world, says Bitcoin could hit $386,000 in 10 years in a bull case scenario. I think we need to pump these numbers up. We need to pump these. What do you think, Kelly? I mean, this seems like a little bit of a bearish call here. Only $386,000 in 10 years. I'd say higher.

Kelly (1:08)

You know, yeah, I mean, you know, how about $386,000 is the bottom after a major pump beyond that?

Drew (1:18)

I like that. Also, listen to the dude. Did you see that Matthew McConaughey might actually run for a government position is couldn't. He's talking about taking the independent class, the independent party seriously. I would vote for Matthew McConaughey just for the State of the Union address.

Like, listen up here, y'all. It'd be a lot cooler if you did act decent in the streets and didn't burn ambulances down. I'm here for this. I'm voting for McConaughey if he does it. I don't know about you.

Kelly (1:51)

What are we doing here?

Drew (1:53)

Yeah.

It feels good. It feels good. And obviously, like, we have our school call coming up tomorrow inside of school, but I'm gonna be building out, that's my focus now, is building out the trading side, the trading futures full course, and adding all the value here to get people started. Because this is a time where, you know, I was looking at charts. I feel great about the spot entry points, for sure. But, you know, I'm kind of entering that zone where we're having that confirmation that the bear market's coming to a close, and the real fun season is about to begin. Bitcoin, it's not fallen through that $80,000 line in the sand here. I mean, we are holding the line right now. Overnight, it was a little boring. Into the night last night, you know, I think I had, I took like a 3% loss or a 5% loss on a trade, trying to catch the long last night. I closed it so I could get some sleep, and then that little move did end up playing out for me nicely. But I'm just being careful. This trend line matches up to right around $83,000. So I was using some of the TA we did last week, and into the end of, you know, like Thursday, Friday.

Things are looking generally quite bullish, and there's a reason why. People are asking why we're pumping. Some will say it's the war is over, and this, that, or the other thing. But really, in my opinion, it's playing into the JPMorgan outlook that Bitcoin is going to be outperforming gold in the S&P 500, and we had a massive spike in inflows on the Bitcoin ETFs. It was kind of crazy. The BlackRock iBit daily net flows put a massive, massive move up, plus $665 million yesterday. Even when price stayed kind of stagnant there, it's kind of wild to see this information from SoSoValue. Let's just go straight to the source here.

Let's go. Because I feel like the most aggravating part about this is that the whales and the huge institutions they're buying, price action didn't move too much because they do that algorithmic purchases of their Bitcoin, but they're front-running us, man. Well, they're not really front-running us, but they're front-running the market. They're buying here in this range.

And, Kelly, I can't remember who it was, but I've seen a few really, really good traders talking about that same level. Like, I was looking at this. You came at it from a whole different perspective. And that's this green line here of where we were in the last bear market compared to where we're at now. I want to get your feel on the market because, obviously, I'm going to be interested in the daily price action for Bitcoin. Some of the worries that I have in the back of my mind are still in that mid-75 mark. But what do you see just in terms of on-chain or anything in the Bitcoin momentum moves?