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, ETH
NEUTRAL – GOLD, S&P 500
BEARISH – Ø
7/8/25 Closing Prices:
BTC: $108,036.21 +3.2% (Tue-Tue)
ETH: $2,611.35 +8.1% (Tue-Tue)
Gold: $3,261 -1.1% (Tue-Tue)
S&P 500: 6,225.52 +0.04% (Tue-Tue)
OK, the 4th of July and all it’s fireworks are in the rear view mirror. The “real” summer is now here.
Circle your calendars, next week is “Crypto Week” in Washington. It’s BIG. What is it? The US House of Representatives and the Senate will consider three key bills that could have a major impact on the crypto industry. These bills (if passed) aim to cement regulatory clarity into the crypto sector. Extremely strong signals all the bills will pass.
Additionally, President Trump’s “Trump Media and Technology Group (DJT)” just filed for a crypto ETF. The fund’s name “Truth Social Crypto Blue Chip ETF” intends to invest 70% of it funds in BITCOIN, 15% in ETHER and the rest in small positions of other crypto. If the Trump family is in on crypto………..ME TOO.
So, filing a week before “Crypto Week” suggests passage of the aforementioned bills. Right?
Let’s buy some BITCOIN and ETHER. Slow summer, but a great risk reward opportunity to liven up pool/beach time.
Staying neutral on GOLD and the S&P 500.
S&P 500….Neutral
GOLD……Neutral
Bitcoin……Bullish
ETH…..Bullish
2025 TARGETS:
- BITCOIN 2025…………$125K-$130K
- ETH 2025……………….$3,800-$4K
- GOLD 2025
- S&P 500 2025
Current trading positions:
- BITCOIN…….LONG
- ETH….LONG
- GOLD….NONE
- SHORT….NONE
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.
