Bitcoin (BTC), Will it See an Historic Q4 Surge?..."$80,000 is the Signal"

▲ Bitcoin (BTC), Bull Market/AI Generated Image

A prediction has emerged that a year-end rally could begin if Bitcoin (BTC) maintains the $80,000 level.

On September 3 (local time), the cryptocurrency YouTube channel Altcoin Daily, in an uploaded video, presented Bitcoin's $80,000 as a future turning point for the market. It explained that if Bitcoin moves stably above $80,000, the average investor will re-enter profit territory. Altcoin Daily emphasized that historically, October to December has been a strong period for cryptocurrencies. However, it predicted that adjustments, price retesting, and re-accumulation processes might occur in the coming weeks.

Long-term bullish arguments included the U.S. fiscal deficit and the depreciation of currency value. Dan Morehead of Pantera Capital explained that the U.S. government is currently supplying an additional $2 trillion annually. The U.S. Congressional Budget Office's projections anticipate this amount increasing to $3.6 trillion in 10 years. Morehead emphasized that Bitcoin's supply is limited to 21 million BTC. He stated that while Bitcoin has historically risen by an average of about 70% annually, the purchasing power of fiat currency has weakened by 3.4% per year.

Among altcoins, Hyperliquid (HYPE) and Chainlink (LINK) were mentioned first. The video highlighted the structure where token buybacks expand as Hyperliquid's usage increases as a strength. The growing accessibility for U.S. investors was also cited as a key factor. For Chainlink, its ability to deliver official economic data such as Gross Domestic Product (GDP) and Personal Consumption Expenditures (PCE) from the United States Department of Commerce to 10 blockchains was emphasized.

In the field of artificial intelligence, Bittensor (TAO) garnered attention. Barry Silbert emphasized that Bittensor is a decentralized network that started without venture capital funding. He explained that if Bitcoin rewards miners, Bittensor rewards those who participate in solving AI problems. Altcoin Daily argued that as large transactions related to open-source AI continue, investor interest in Bittensor could also grow.

Uniswap (UNI) and Solana (SOL) were also included as promising candidates. According to the video, Uniswap processed approximately 82 swaps per second across all chains. The number of daily swaps recently exceeded 7 million, and the token buyback structure has also improved. On-chain tokenized stock holders reached 1.9 million, a 134% increase in just one month. Ten months prior, it was less than 100,000. Altcoin Daily presented Solana's growth potential based on the expansion of on-chain transactions for various assets, including SpaceX, OpenAI, and Anthropic.

[Article Summary]

-Altcoin Daily predicted that a year-end rally could begin if Bitcoin maintains above $80,000.

-Hyperliquid and Chainlink were evaluated as key growth factors due to U.S. market accessibility and the utilization of government economic data.

-Bittensor, Uniswap, and Solana were included as promising altcoins based on artificial intelligence, increased trading volume, and expansion of the tokenized market.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*