Wall Street Plans Santa Pump to Boost Bitcoin Price to $125,000
The Bitcoin price is gearing up for a potential surge to $125,000, according to Altcoin Daily host and crypto analyst Aaron Arnold. This anticipated price hike, known as the “Santa Pump,” is believed to be driven by Wall Street whales ahead of increased retail activity.
Arnold points to the growing institutional interest in Bitcoin, with major players like BlackRock and Fidelity continuing to up their Bitcoin holdings. Additionally, recent political developments, such as US President-elect Donald Trump’s proposal to store government-owned Bitcoin in a national reserve, signal a growing acceptance of Bitcoin as a legitimate asset.
Notably, there has been a quiet accumulation of Bitcoin on Wall Street, despite occasional criticism from figures like JPMorgan’s Jamie Dimon. Institutions, including financial heavyweights like Morgan Stanley, have been discreetly investing in Bitcoin through European funds and ETFs.
Arnold suggests that the current market conditions, coupled with behind-the-scenes Bitcoin accumulation by institutions, set the stage for a potential rise to six-figure prices. He advises investors to consider allocating at least 10% of their portfolio to Bitcoin or Bitcoin-related assets, along with promising altcoins.
With Bitcoin ETFs on the rise and capital inflows increasing, the next major rally in Bitcoin’s price could be just around the corner. Stay tuned for the Santa Pump and keep an eye on Bitcoin’s trajectory as it aims for new highs.
