By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
Bullish for week of 1/21/25
BTC | ETH
Neutral for the week of 1/21/25
GOLD | S&P 500
Bearish for week of 1/21/25
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1/21/25 Closing Prices :
BTC: $106,604.89 | +10.5% | (Tue.-Tue.)
ETH: $3,320.43 | +3.3% | (Tue.-Tue.)
Gold: $2,711 | +2.4% | (Tue.-Tue.)
S&P 500: 6,049.24| +3.5% | (Tue.-Tue.)
THIS EXPLAINS THE FINANCIAL MARKETS … “THE END HAS NO END.” (thanks to the Strokes rock band)
Up is up and it sure looks like that’s the only way to go. Financial markets have no end to the upside. What could possibly go wrong?
President Trump has said we are going back to common sense. A lot of things over the past several years have made zero sense. The hefty market returns over the past couple years ranks right up there. But, it is what it is. Could this market action rallying on the “Golden Age” be the culmination of the past few up years? If so, when markets have their “final” buying frenzy (blow off) it can be spectacular. And dangerous. FOMO goes ballistic. We may be close to that.
What to do? I’ll be the first to admit I have become a bit more conservative the past few years. Like my title says, Common Sense for Uncommon Markets and these are uncommon markets. If you are long, great and good luck. If you thinking of getting in (long) be careful.
I am, and have been since August 2016, a HUGE bitcoin bull and investor. Still am. It is the one thing I truly believe has massive long term upside. Still. $200K? $500K? Higher? Why not.
Ether (ETH) same as above but more muted. $5K. Why not.
Gold. It appears (to me anyway) that money will slowly flow out of gold and into bitcoin. That will hold gold back as the new store of value is bitcoin. Upside yes, but muted. Staying neutral.
S&P 500. Honestly, I have no idea. I see it always going up and I would not be one iota surprised if it hits 10,000…….OR drops 30%. I’ve seen this movie before and I will stay neutral.
ENJOY 2025. IT’S ONLY JUST BEGUN.
2025 TARGETS:
- BITCOIN 2025……..UP
- ETH 2025…………$4,500
- GOLD 2025……….?
- S&P 500 2025……..?
Current trading positions:
- LONG BITCOIN
- LONG ETH
- NEUTRAL GOLD
- NEUTRAL S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
