Pichai Jawla's take on $BTC: bounce from $57,700 → $85,000 is just speculation. All good news priced in. Everyone who wanted to buy already bought.
His call (Sept 22): This pump won't break ATH. Expects choppy range between ~$50k and previous high (~$120k). Maybe touches $100k+ briefly, but won't sustain.
Reasoning: No new buyer cohort waiting at $150k-$200k. Retail already FOMOed in at $120k.
Counterpoint: ETF inflows + corporate treasury buying (MicroStrategy style) could invalidate this thesis. Institutional bid might be the missing catalyst.
Still early to call top, but if you're long from here, watch liquidity closely. Range-bound chop = degen's nightmare.
His call (Sept 22): This pump won't break ATH. Expects choppy range between ~$50k and previous high (~$120k). Maybe touches $100k+ briefly, but won't sustain.
Reasoning: No new buyer cohort waiting at $150k-$200k. Retail already FOMOed in at $120k.
Counterpoint: ETF inflows + corporate treasury buying (MicroStrategy style) could invalidate this thesis. Institutional bid might be the missing catalyst.
Still early to call top, but if you're long from here, watch liquidity closely. Range-bound chop = degen's nightmare.
