In this YouTube video, Hong discusses the current rally in Bitcoin and the potential for it to reach $100,000 based on market reactions to the Trump administration’s pro-crypto stance. He also talks about the interest of institutional investors in Bitcoin and the impact of regulatory clarity on market sentiment. Hong believes that Bitcoin’s volatility is a necessary part of its long-term growth and discusses the potential for it to become a national reserve currency in the US. He also touches on the projections for other cryptocurrencies like Ethereum and Dogecoin, emphasizing the importance of careful research and risk management in investing. The video also explores the potential risks for the cryptocurrency market, including macroeconomic factors and policy changes under the new administration. Overall, Hong advocates for responsible investing and emphasizes the need for clarity in regulations to support the growth of the cryptocurrency industry.
