Bitcoin pulls back. Here's why it could go below $100K by the end of the year.

Market Trends & Bitcoin Price Prediction - Poly market estimates a 53% chance of Bitcoin dipping below $100,000 by the end of the year [1] - Bitcoin could potentially reach $140,000-$150,000, but a drop below $100,000 is also possible [2] - A year ago, Bitcoin was in the $40,000 range, indicating a significant 3x increase in the past year [3][4] - The next significant Bitcoin pullback is expected in 2026 [16][17] Bitcoin as an Investment - Bitcoin is now viewed as a risk-on asset, correlated with equities and global M2 money supply [4][6][7] - Equities show the best correlation to inflation, followed by cryptocurrencies as a risk asset [5][6] - For investors, owning spot Bitcoin directly is preferred, followed by a Bitcoin ETF, and then a treasury company holding Bitcoin [15] Alternative Cryptocurrencies - The company is spending time in Bitcoin and other cryptocurrencies like SU, XRP, and HAR [8] - Litecoin is gaining favor as it is faster and cheaper than Bitcoin, acting as "silver to Bitcoin's gold" [9][10] - Ethereum is viewed as a platform with applications built on top, using ETH as a currency to power transactions, unlike Bitcoin which is more like a currency such as the dollar [11][12] Corporate Treasury Trend - The trend of companies adding cryptocurrencies to their balance sheets may have peaked [13] - Holding Bitcoin on a company's balance sheet is a smart move for transacting in the digital economy, similar to holding foreign currency reserves [14] - Treasury companies holding Bitcoin trade at premiums, and a significant Bitcoin price drop could trigger forced selling due to convertible notes and preferreds [16]