Gun to your head: Where does $BTC close 2026?

This is the question that separates tourists from conviction players. Everyone's got an opinion when there's no skin in the game.

My take? We're either at $250K+ riding the institutional wave and sovereign adoption, or we're sub-$60K if macro breaks and liquidity dries up. No in-between.

The 2024-2025 halving cycle sets the stage. If we don't see new ATHs by mid-2025, the 2026 thesis is cooked. But if the ETF flows keep printing and nation-states keep stacking, $BTC becomes the hardest asset on the planet.

What's your number? And more importantly, are you positioned for it or just talking?