Bitcoin’s recent slide below $70,000 has puzzled investors who expected strong macro conditions to support higher prices. Interest rates have been falling, liquidity has improved, and traditional markets have pushed toward record highs. Yet Bitcoin has moved in the opposite direction. During a recent interview with TheStreet Roundtable discussion, Jeff Dorman, chief investment officer at Arca, said the disconnect stems from a flawed assumption about what Bitcoin actually represents. Related: Treasury Sec ...

Bitcoin could trade as high as $170,000 if investors were to value it like gold, according to a JPMorgan strategist. ...

RT Bitcoin Archive (@BTC_Archive)FIDELITY: One Bitcoin may be worth $1 billion by 2038. 🤯 https://t.co/1yA4DA7Lse ...

FIDELITY: One Bitcoin may be worth $1 billion by 2038. 🤯 https://t.co/1yA4DA7Lse ...

Market Analysis and Altcoin Valuation - The crypto industry should prioritize Bitcoin valuation over USD valuation for altcoins, as USD's purchasing power asymptotically approaches zero over time [2][3][4] - The industry primarily values altcoins against Bitcoin or Ethereum, deeming other valuations less relevant for assessing risk and potential uptrends [5] - Altcoins have decreased approximately 61% from their 2021 highs against Bitcoin, with a maximum decrease of about 69% [6] - The industry anticipates altcoins to rally against Bitcoin through late August [9][10] - Ethereum's valuation against Bitcoin has likely bottomed out for this market cycle [11] Bitcoin Dominance and Trend Reversals - Bitcoin dominance often encounters resistance at Fibonacci retracement levels [8] - Historically, Bitcoin dominance tends to reverse its course in September [25][27][28][29][30][44] - Bitcoin dominance typically drops whenever Bitcoin breaks out of a long consolidation period [35][36][37] Ethereum's Influence and Potential "Fake Alt Season" - Altcoins' upward movement against Bitcoin is primarily driven by Ethereum's performance against Bitcoin [17][18][32] - Altcoins have been consistently underperforming Ethereum since April [19][21][70] - The industry foresees a potential "fake alt season" following Ethereum reaching new all-time highs, followed by a correction in September [54][62] Future Outlook and Strategy - A Bitcoin correction is expected in September, potentially leading to increased Bitcoin dominance [40][65] - Altcoins are expected to rally against Bitcoin for the remainder of August, but this trend may reverse in September [22][66][71][74] - The industry suggests a rotation back to Bitcoin is likely to begin in approximately two weeks [67]