Bitcoin decided to throw a party and hit $120,000 on October 3, right after the US government went on an unexpected coffee break. Investors were like, “Gold? Bitcoin? Let’s play it safe!” 🚀
Just a day earlier, Cardano’s Charles Hoskinson, the self-proclaimed crypto oracle, casually predicted Bitcoin could hit $250,000 by 2026. “Geopolitical chaos? That’s just fuel for the fire,” he said, sipping his imaginary tea. 🫖
Government Shutdown Sparks Market Turbulence
The shutdown began on October 1 when the Senate failed to pass a funding bill-because nothing says “stability” like a 55-45 vote and 60 votes required. 🤷♀️ Suddenly, 150,000 government workers were at risk of furlough, and the S&P 500 futures took a nosedive. Meanwhile, gold and Bitcoin were the only ones with party invites. 🎉
Bitcoin jumped 2% overnight, hitting $116,400, then broke through $120,000 the next day. Jim Reid from Deutsche Bank is now officially lost in the dark: “No data? No problem! Just wing it!” 🕳️
Analysts are now blaming the shutdown for market chaos. Matt Mena from 21Shares thinks the Fed might cut rates twice in two months. “Weaker dollar = Bitcoin’s best friend,” he declared, as if Bitcoin is just waiting for a love letter. 💌
Charles Hoskinson’s $250k-by-2026 prediction is now the talk of the town. Because who *doesn’t* want to be a crypto billionaire while the government fiddles? 🤡
Cardano founder explains why Bitcoin price will hit $250k by mid 2026.
– Altcoin Daily (@AltcoinDaily) October 2, 2025
Bitcoin’s Appeal in Geopolitical Fragmentation
Hoskinson, ever the optimist, claims Bitcoin is the perfect solution for geopolitical drama. “The US government even called Cardano ‘reservable’!” he said, as if that’s a compliment. 🤷♂️ With US-China-Russia tensions heating up, Bitcoin’s “decentralized utopia” pitch is suddenly less niche. 🌍
Greg Magadini from Amberdata called the shutdown a “catalyst”-because nothing fuels Bitcoin like chaos. “Will it go up or crash? Depends if you’re a hedge or a daredevil!” 🎲
Bitcoin surged 4% in 24 hours, while Ethereum and Dogecoin partied too. The CoinDesk 20 Index? A 5% jump. Meanwhile, Apple and Microsoft are “crypto-curious,” and Visa is trying to look cool with stablecoins. 🎩
Economic Risks and Policy Implications
Oxford Economics’ Ryan Sweet warned the shutdown could tank GDP by 2.4% if it drags on. “Because who needs data when you can just guess?” 🤯
“Bitcoin thrives when the old playbook collapses,” said Mena, sipping his champagne. 🥂
Hoskinson’s “crypto takes over the world in 5 years” theory? Suddenly less far-fetched. “Because why trust banks when you can trust code?” 🤖
“Crypto is 3-5 years away from taking over the world,” said Hoskinson, clearly already there. 🌐
The US shutdown just proved that when governments misbehave, Bitcoin’s the cool kid everyone wants to hang with. For investors, it’s a reminder: “Buy the dip, or just laugh at the chaos?” 😂
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2025-10-03 07:37