When Will Bitcoin Surpass All-Time Highs? Expert Trader Gareth Salway Shares Outlook

TLDRExpert trader Gareth Salway shares his outlook for Bitcoin surpassing all-time highs again and predicts a target of around $100,000. He explains that if the stock market doesn't correct significantly, Bitcoin could climb relatively quickly and make a new all-time high later this year. Cheaper money from a potential Fed rate cut is also considered good for Bitcoin. However, a significant stock market crash could be a black swan event for Bitcoin, causing it to come down as well.

Key insights

📈Bitcoin could surpass all-time highs and reach a target of around $100,000 if the stock market doesn't correct significantly.

💸Cheaper money from a potential Fed rate cut is considered good for Bitcoin and could drive its price up.

📉A significant stock market crash could be a black swan event for Bitcoin, causing its price to come down as well.

Q&A

When does Gareth Salway predict Bitcoin will surpass all-time highs?

Gareth Salway predicts that Bitcoin could surpass all-time highs later this year if the stock market doesn't correct significantly.

How high could Bitcoin go this cycle according to Gareth Salway?

According to Gareth Salway, Bitcoin could reach a target of around $100,000 if it breaks above the $74,000 level.

Is cheaper money from a potential Fed rate cut good for Bitcoin?

Yes, Gareth Salway believes that cheaper money from a potential Fed rate cut is considered good for Bitcoin and could drive its price up.

What could be a black swan event for Bitcoin?

A significant stock market crash could be a black swan event for Bitcoin, causing its price to come down as well.

Is Gareth Salway bullish on Bitcoin's outlook overall?

Gareth Salway remains neutral to positive on Bitcoin's outlook and believes it could make a new all-time high later this year.

Timestamped Summary

00:00Bitcoin surpassing all-time highs and its price outlook are discussed in today's interview with expert trader Gareth Salway.

05:30Gareth Salway predicts that if the stock market doesn't correct significantly, Bitcoin could make a new all-time high later this year and reach a target of around $100,000.

07:20Cheaper money from a potential Fed rate cut is considered good for Bitcoin and could drive its price up.

11:30A significant stock market crash could be a black swan event for Bitcoin, causing its price to come down as well.