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 – BITCOIN, GOLD
NEUTRAL – ETH
BEARISH – S&P 500
5/20/25 Closing Prices:
BTC: $106,304.43 +1.64% (Tue-Tue)
ETH: $2,480.10 -7.76% (Tue-Tue)
Gold: $3,254 +1.4% (Tue-Tue)
S&P 500: 5,940.46 +0.09% (Tue-Tue)
Coming up on Memorial Day weekend and the “unofficial” start of the summer. Can’t imagine summer financial markets being much slower but it could be. At least tans will sprout on everyone.
So the big news which turned out to be no big deal was Moody’s cutting the U.S. credit rating. Yawn. Now we’re left with waiting for the “Big Beautiful Bill” to pass and then wait for “America’s Golden Age” to show up.
After spending the past five days down in L.A. (Beverly Hills actually) I can report there does not appear to be any hint of a recession. Recession talk is fake news. It seems the only thing being affected are a lot of cars that can’t afford a driver. Yup, driving around with no drivers. I think they call them Waymo. Driver cost way more than the car can afford. OK, enough.
The big thing is BITCOIN is only ‘steps’ away from new all time highs (again). It’s creeping up very stealthy. If you are not long all I can say is don’t leave home without some BTC. All of a sudden sellers will be hiding in the bushes and away we go.
People have said GOLD is safe because it is not as volatile as some other assets. Yeah, right. $100+ moves are not uncommon anymore. I’m styling small long GOLD because those pesky tariffs are still out there. I can see $4,500, but with some dips and bounces.
Not totally sure what’s up with ETH. Huge jump recently and now kind of sketchy. Obviously WHEN BITCOIN goes to new highs ETH will follow. Till then, I am just being neutral. Love BTC better.
What can you say? Financial markets are ‘nuts.’ Not the kind squirrels gather either. Bonds and interest rates are totally confused. Which brings me to the S&P 500. Normally there is absolutely no reason for the index to be “up” here. But here it is. One day (tomorrow?? next week??) we will wake up and down we go. Till then….neutral. I’m not afraid to miss markets. I’ve missed plenty and this up S&P 500 is one I will sit out.
THE EVENING SKY IS ROSY RED AND BEAUTIFUL. BUT THAT COLOR IS CAUSED BY A FOREST FIRE BURNING EVER LARGER. CHECK YOUR RISK TOLERANCE.
2025 TARGETS:
- BITCOIN 2025……..$135K-$145K
- ETH 2025…………?
- GOLD 2025……….$4,500
- S&P 500 2025……..DOWN (4500?)
Current trading positions:
- BITCOIN….LONG
- ETH….NONE
- GOLD….LONG
- SHORT….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.
