Orange Member Letter - December 2024
As 2024 closes out, I want to outline the major themes & trends which I believe will define Bitcoin's road in 2025. I also speculate on a potential path for price, and how close we are to a major top.
Notice: Orange is our new plan on the Checkonchain Substack that sits above the Paid tier.
Dear Orange Members,
2024 has been a tremendous year for Bitcoin, trading up 150%, flipping Silver’s market cap, and emerging on the main stage of the US political arena.
Without question, 2025 is going to be one of the more interesting years, and I do not expect it will be the smoothest sailing.
For the last Orange report of the year, I spent a solid few weeks mulling over the broader macro-economic conditions, and thinking about the implications of the incoming Trump administration. The world is in for a serious shake-up, and I suspect there will be many gut-checks along the way.
Bitcoin Monthly Report - December 2024
For December, our report titled Optimistic Uncertainty covers the following topics:
My expectations for what a Trump presidency means for markets.
The state of global economic conditions, and the key drivers I have my eye on.
My thoughts on the Bitcoin Strategic Reserve, and how I think about the trade around it from a tactical standpoint.
Three of the biggest ideas I want Orange members to have front of mind for 2025.
Looking ahead to set expectations for both equity markets and Bitcoin.
Key risks and focal points for volatility.
My base case price speculation and estimation for the next major Bitcoin top.
Several models helping narrow down how long this bull has left to run.
We also have a special bonus for our Orange members, which is an early release of the podcast conversation I had with Jeff Walton on the subject of MicroStrategy.
2025 promises to be a year of significant change in our world, and Bitcoin has a front row seat for it. We can’t predict the future, but we can certainly prepare for it, and this months report is crafted with exactly this in mind.
You will find the report PDF and podcast video below.
