Bridger Pennington argues that major institutions like JP Morgan, Vanguard, Fidelity, and BlackRock entering crypto signals a bull market ahead, even as retail traders on Twitter stay bearish. He runs an eight-figure crypto fund and holds significant personal positions.
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Crypto crashing. I don't think Alex Becker could have said it better here. He says the absolute certainty of people calling a bear market on here makes me think this is a bear trap. I can't fathom every account reply guy nailing this and buying back lower. Could not agree more, especially while the smart money, people like JP Morgan, Vanguard, Fidelity, all are talking about this high Bitcoin target. By the way, this is the same Jamie Dimon who just 2 years ago said, I was the government, I'd close it down in 2023. Now him and his company building cross-blockchain payment Bridges. Alibaba is using this for tokenization of dollar and euro payments. Institutions like Vanguard, who have historically hated Bitcoin, now looking like they're doing a U-turn to now add these ETFs to their platform. As we're on the heels of this crypto market structure bill being passed before Thanksgiving, huge crypto bill. The amount of quantitative easing coming out, you can pause the video and look at all these. I mean, we have trillions of dollars potentially entering the market. Bitcoin and gold have decoupled. Whenever this has happened historically, they usually come back together. Either gold is going to drop or Bitcoin is going to come up. Interesting time because you have smart analysts at JP Morgan, Fidelity, BlackRock all talking about a high price target still for this year, and maybe some of them trickling into Q1. But this is pretty smart analysts, smart money. Yet you got every dude in the comment section saying it's going to go lower, bear market's here. It's an interesting time in the market where you have institutions building on blockchain, implementing it. I mean, the amount of scale that blockchain's being deployed right now is unfathomable. But yet you have retail hating crypto at levels I haven't seen in a very long time. And so it's a very interesting dynamic where it's kind of flipped right now. Institutions love crypto, retail hates crypto. For me and my house, I think we're going to bet on the institutional side and the overall macro play of crypto. We're still in this market. I think we have a lot of room to go. I put my money where my mouth is. I run an 8-figure investment fund right now in crypto. I have a decent amount of crypto myself. I put my money where my mouth is. I'm still in this market. I think we got room to go. I could be wrong, but man, the fact— I can't fathom every account reply guy nailing this and buying back lower. I can't either. I totally agree with this.
