🤑 Bitcoin to the Moon? Crypto Millionaire Predicts $100k by Month-End! 🚀

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Listen up, pardners! Them Bitcoin critters are at it again, and one fancy-pants crypto millionaire reckons they’ll be worth a whopping $100,000 by the end of this month!

Now, I ain’t no fancy Wall Street fella, but I reckon that’s a heap of moolah for a single Bitcoin. At the time of this here publication on Sunday, they were trading at $82,900 a pop. That’s a 10% jump from their lowest point this month, giving ’em a market cap of $1.62 billion. 💰

“Probably up to 100k by month-end”

Now, why would them Bitcoin prices be rising like a hot air balloon in a Kansas tornado? Well, it seems that investors are still feeling a mite skittish and keeping their powder dry. The crypto fear and greed index is still in the fear zone of 24, likely because of the ongoing trade war between the US and its top trading partners.

But don’t you worry none about Josh Mandell, a popular analyst and millionaire with over 79,000 followers on X. He predicts that Bitcoin price may hit $100,000 by the end of the month if it closes above $84,000. 📈

So here’s the way I remember the rules working. Close between 80K and 84K means the rally can continue from here … probably up to 100K by month-end. If it closes at 84K exactly, we run the table … HISTORIC moves. Above 84K —> we slip back down and the rally fails.…

— Josh Man (@JoshMandell6) March 14, 2025

Now, ol’ Josh here has been in the trading industry for years. He worked for Salomon Brothers in the 90s, and has also worked for Caxton Associates. Salomon was one of the biggest investment banks in the US until Travelers acquired it in 197. Caxton Associates is a top hedge fund with over $12 billion in assets under management.

Josh has become popular for publishing his Fidelity account details, which shows that his portfolio has grown from $2.1 million to over $23.4 million. He has achieved this mostly by trading Bitcoin and Strategy or MSTR options.

2/ Why Should You Trust His Bitcoin Judgement?
As the saying in Bitcoin goes, “Don’t trust, verify”. That said, Josh Man has been trading Bitcoin/MSTR in public for the last year (you can see all his trades in his history). He originally seeded this portfolio with $2.1…

— Peter Duan (@BTCBullRider) March 14, 2025

Mandell also became popular after his cryptic Bitcoin price prediction went viral in November. He predicted that BTC would jump to $444,000 if $84 became the base. The post had over 1 million views.

Other popular crypto analysts remain bullish on Bitcoin. Cathie Wood’s Ark Invest bought $80 million worth of Bitcoins this month and increased its stake on Coinbase. Michael Saylor’s Strategy has also accumulated more Bitcoins in the past few months, a sign that it expects the price to rebound. 🐂

Fed and risk-on sentiment

Bitcoin needs to rise by about 18% to get to the $100,000 mark this month. This is possible, but it will depend on two key catalysts.

First, the market needs to adjust to President Donald Trump’s tariffs. This explains why U.S. equities jumped on Friday, with the Dow Jones and Nasdaq 100 indices rising by 674 and 450 points, respectively. 📈

Historically, the stock market overreacts when there is a black swan event and rebounds afterward. A good example was during the COVID-19 pandemic when they crashed and bounced back. 🦠

Second, the Federal Reserve needs to embrace a dovish tone now that the odds of the U.S. economy contracting in the first quarter have risen. The Atlanta FedNow tool estimates that the U.S. GDP will contract by 2.4% in Q1. 📉

A dovish Fed will likely lead to a risk-on sentiment and push Bitcoin and altcoin prices higher. 🚀

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2025-03-16 16:01