00:00 Josh
Investors are looking for the next breakout catalyst to drive the cryptocurrency back to record highs. For more, we want to bring in now Samir Krbaj, Hashtag’s Chief Investment Officer.
00:11 Josh
Samir, it’s good to see you. Uh I want to start off kind of big picture thoughts, Samir, you have on Bitcoin cuz I’m just looking at the the chart here, you know, we’re in the green today, Samir, but you’ve basically been in this this trading range really since mid- July.
00:26 Josh
So two and a half months. What what what do you think Samir explains that? And then what do you think is going to take to to drive Bitcoin out of this range and to fresh records, Samir? To that next big number to 150,000, 200,000. You know, what what are the catalysts on your horizon?
00:48 Samir Krbaj
Hey, Josh, it’s it’s great to see you again. Um I think that there’s a lot of things happening in crypto. Uh we certainly had a great year. Bitcoin’s going up like more than 20% this year. Uh other crypto assets like Ethereum or XRP going up like 25 or almost 40%. So it’s it’s a great year for crypto overall.
1:02 Samir Krbaj
Like you said, we’ve been trading in sideways in the last few weeks. and I think this is mostly, you know, uh the absence of news, basically, um the macro environment we’re waiting to see how like the the interest rates are going to impact the economy, the inflation numbers that are coming. So there’s all those those concerns around the economy.
1:18 Samir Krbaj
I believe that the next level, the next wave of crypto adoption will come from stable coin adoption and that’s going to be very positive for crypto overall. So this is a trend that might take like might take six to months to one year to start to reflect on prices. Uh but I think it’s a very strong demand that is coming from stable coins and that’s going to move the crypto markets in the coming months.