Part 9/11:
Adding to the complexity are black swan risks: the enormous $300 trillion global debt burden, and within crypto, the rise of Bitcoin treasury companies that borrow dollars to buy Bitcoin. A downward spiral triggered by mass liquidation or debt defaults could accelerate declines, especially if these companies are forced to sell off assets en masse.
The Road Ahead: Opportunities and Cautions
Despite these risks, the consensus is that the current environment offers a favorable tailwind for crypto, especially Bitcoin. Historically, rate cuts have boosted Bitcoin prices, and the swelling institutional interest adds a layer of legitimacy and stability. Several prominent analysts forecast prices exceeding $150,000 or even $200,000 by year-end, driven by this liquidity infusion.