Oh. My. God. Seriously. Stocks are doing⊠well, something impressive. And gold? Apparently, it’s having a moment. But mostly, itâs all about Bitcoin, which is casually flirting with $118,000. As if! Like anyone could have predicted this. Matthew Sigel, who has a rather grand title at VanEck (Head of Digital Assets Research and Portfolio Manager – honestly, who comes up with these?), is saying itâs not even *peak* crazy yet. Which, frankly, is terrifying. đ±
He said – and I quote – “We havenât seen the type of euphoria that usually marks peaks.” Euphoria? Please. My Instagram feed is nothing but euphoria about crypto. Maybe he needs to follow different people. Honestly.
No signs of overheating in Bitcoin
Apparently, this Sigel person is super into âmeasures.â One involves âleveraged positions.â Sounds⊠complicated. Apparently, if these things are expensive (double-digit percents? Really?), it means the market is about to implode. Right now, they’re not. So we’re fine. Probably. đŹ He also looked at paper profits on the Bitcoin blockchain. Sounds exhausting. Basically, if everyone’s pretending to be rich, itâs a bad sign. And theyâre not. Yet. So still fine. Ish.
Miners and the AI trade
And then there are Bitcoin miners. Theyâre doing surprisingly well, apparently because theyâre renting out their computer stuff to⊠AI. AI! Honestly, at this point, everything’s AI. My toaster is probably secretly powered by AI. He warns though, that they might all come crashing down, which, letâs be real, feels inevitable. Especially because AI and tech stocks are all mixed up. Itâs a whole thing. đ
What to watch into year-end
So, what should we all be focusing on? Apparently, “greed” and “fear.” Apparently, if everyone’s super greedy, it’s time to run. And we’re not greedy yet. Which⊠is good? I think? Also, those big tech companies are still making money. Lots of it. Which is reassuring, I suppose.
Could the cycle extend into 2026?
And what about next year? Will this all carry on? Heâs saying the four-year Bitcoin cycle is still a thing. And then he started talking about politics. Midterm elections. Regulatory uncertainty. Honestly, I started tuning out. It’s all just too much. đ© He thinks it’ll keep going up for a bit. “Weâll let the market tell us the rest,” he said, mysteriously. Like the market has a *mouth*.
Concluison
Basically, this VanEck guy thinks Bitcoin could go higher. But miners are risky. And AI is confusing. And we need to watch out for greed. And fear. Honestly, itâs all very stressful. I think I need a lie down. And possibly a large glass of wine. đ· Itâs all just⊠a lot, you know? As if my life wasnât already complicated enough.
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2025-09-19 07:32