The future of financial strategy and cryptocurrency came under the spotlight as Roundtable anchor Rob Nelson engaged in a discussion with Steve Gutterman, CEO of Gryphon Digital Mining, about the viability of a strategic reserve fund proposed by Trump and the upward trajectory of Bitcoin.
The conversation explored the practical timeline for implementing such a reserve fund and Bitcoin’s volatile journey towards $100,000.
“It could happen quickly,” Gutterman said, referencing the creation of a strategic reserve fund. “We’re not talking about years. It could happen in year one.” This statement emphasized the potential for rapid implementation, contingent on executive decisions and logistical considerations.
Turning to Bitcoin, Nelson questioned the recurring price fluctuations, asking, “What do you think happens when you watch that cycle? Does it keep bouncing around in the mid-nineties before pushing past $100,000 again?”
Gutterman expressed a bullish outlook for Bitcoin, stating, “I definitely think it’s going above $100,000. There’s continued widespread acceptance, and I believe there will be significant holders moving forward.”
However, he cautioned about the inevitable price dips, noting, “There will be dips, and there will be deep valleys. That’s always been the case. But the key is looking for the overall positive trend.”
Bitcoin investor and author of The Big Bitcoin Book, Fred Krueger, echoed a similar view on Bitcoin’s volatility during his appearance on Coinage, stating, “This thing is going so much higher.” He predicted Bitcoin would continue to rise, surpassing the $100,000 mark in the future.
Nelson also mentioned Bitcoin’s growing appeal to new investors, sharing a story about a family member’s initial hesitation to invest. He highlighted that such fluctuations in price are normal, pointing out, “The reality is the fluctuation is small. I mean, $99,000 to $96,000; I think that’s to be expected.”
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