Bitcoin could reach $130,000 this cycle, a target described as a “great result” by seasoned trader and DecenTrader co-founder Filbfilb. In a recent interview with Cointelegraph, Filbfilb shared insights on Bitcoin’s trajectory amid a recovering market and incoming political changes in the U.S. Trump Administration and Bitcoin Market Dynamics After rebounding from two-month lows, Bitcoin is trading above $100,000 as of Jan. 17, according to Cointelegraph Markets Pro and TradingView data. Filbfilb believes the Trump administration’s pro-Bitcoin stance could boost the market. However, potential trade wars could disrupt the broader risk-asset rally. Despite these uncertainties, Filbfilb predicts Bitcoin will maintain its leadership in the crypto market, possibly achieving record dominance. He remains optimistic about Bitcoin’s ability to outperform equities if favorable policies are enacted quickly. Short-Term Expectations and Market Reactions In response to potential unmet expectations regarding executive orders, Filbfilb said, “I had anticipated a bumpy open to the year with a recovery in the second part of the month, which is what we have seen so far.” While Bitcoin’s current price reflects cautious optimism, he noted, “If something like this is ruled out, I’m sure there would be a dip, but probably an overreaction and perhaps an opportunity.” MicroStrategy and Bitcoin Correlation Discussing MicroStrategy’s stock performance, Filbfilb dismissed claims of it being a “ponzi scheme” but acknowledged its risks. “At present, the premium over net asset value (NAV) is around 2, similar to levels seen when Bitcoin consolidated around $60,000-$70,000,” he explained. If Bitcoin surpasses $100,000, he expects MicroStrategy’s stock to surge, driven by increased interest in Bitcoin. “Short term, I’m not too concerned about a major retracement for MSTR, unless there is a big pullback in Bitcoin,” he added. Long-term concerns about MicroStrategy’s debt servicing are noted but remain a topic for the future.
