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
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.
5/6/25 Closing Prices:
BTC: $95,067.14 -0.03% (Tue-Tue)
ETH: $1,788.26 -2% (Tue-Tue)
Gold: $3,382 +3.1% (Tue-Tue)
S&P 500: 5,606.91 +0.08% (Tue-Tue)
Welcome to the month of May. The month before summer arrives. Got your swimsuits ready?
So, there has not been much going on except in rhetoric (the world is falling apart OR the Golden Age of America is just about here) which results in…..not much. More “not much” is probably on the way.
EXCEPT FOR…………the Fed’s meeting. Began today and wraps up tomorrow (Wednesday). Now for everyone expecting some big news from the meeting….forget about it. If you want an advance, here ya go … “The Fed leaves interest rates alone blah blah blah but will continue to monitor blah blah blah and will respond accordingly should economic conditions blah blah blah.” Got it?
So this is a short read this week. More time for napping. I see no reason to change anything I discussed last week.
BITCOIN is going higher and HIGHER. It has a lot of new (BIG) buyers which will soon be chasing less supply. Extremely bullish. Looking for a rush through new highs and seeing $135K-$145K…..for now. Woo Hoo.
GOLD. Who fed GOLD the drugs? Down $140, Up $160. Holy cow, Talk about volatility……for GOLD? Don’t see why it can’t get to, say, $4,500 or so. BUT, its gonna swing around. Bullish.
ETH. I am staying neutral. Used to be that ETH was a “cheaper” way to “play” BITCOIN. No More. Lots of other digital assets to invest in, or trade, and they have found their way onto more and more exchanges. Why ETH? Not the asset it used to be.
S&P 500. There is no reason for the index to be “up here” with the valuation it holds. Yet, here it is. I can make a better case for downside rather than upside, but neither is very compelling. Neutral with an exposure to short.
OMG. ALIENS HAVE OPENED A BANK ACCOUNT HERE ON EARTH. THEY HAVE COME FROM OTHER PLANETS TO BUY BITCOIN. (see below)
The city of Roswell, New Mexico, made history by creating the ‘Roswell Strategic (Bitcoin) Reserve’ on May 3
(Read more details on the story in this week’s Defi Diaries)
FYI, ALIENS ARE BUYING LAND THERE TOO. lol
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.
