Altcoin Daily host and crypto analyst Aaron Arnold reveals insider plans of Wall Street whales to raise Bitcoin to $125,000. This seasonal price hike, dubbed the "Santa Pump," is expected to precede retail activity.
According to Arnold, Bitcoin's path to these highs is almost preordained as it reaches critical mass. Large institutional players like BlackRock and Fidelity continue to increase their Bitcoin holdings.
Optimism for a higher Bitcoin price is being fueled by significant political developments. US President-elect Donald Trump has proposed storing government-owned Bitcoin in a national reserve, which is seen as a sign of growing acceptance of the cryptocurrency as a legitimate asset.
These developments, coupled with the continued growth bitcoin ETF and capital inflows indicate that the next major rally in Bitcoin's price may be closer than expected.
Arnold also noted the quiet accumulation of bitcoin on Wall Street. Despite occasional public criticism from the likes of JPMorgan's Jamie Dimon, institutions have been quietly accumulating bitcoin. Financial heavyweights like Morgan Stanley have already invested in Bitcoin through European funds and ETF .
Arnold argues that this behind-the-scenes activity creates the perfect conditions for a run to six-figure prices. With institutional capital pouring in, he sees the current market manipulation as an opportunity for insiders to profit from the coming Santa Pump.
Arnold recommends that investors allocate at least 10% of their portfolio to Bitcoin or Bitcoin-related assets and promising altcoins.
