Bitcoin hitting $93,500 marks a milestone, but its climb against major assets like gold and the S&P 500 remains incomplete. Caleb Franzen’s optimism that BTC will outperform these macro assets seems realistic, given Bitcoin’s history of resilience and adaptability. The comparison to gold’s breakout after a two-decade lull suggests Bitcoin’s long-term potential to shine beyond its dollar-based records.

However, warnings from analysts like Il Capo of Crypto and Credible Crypto remind us that the road ahead isn’t guaranteed to be smooth. Predictions of a potential crash to $72,000 or lower reflect the market’s volatility and the looming uncertainty around risk assets.

Bitcoin’s trajectory reflects both promise and caution. While it’s tempting to see $100,000 as inevitable, traders and investors must prepare for turbulence. Bitcoin’s true breakout will depend on its ability to prove itself not just as a speculative asset but as a global macro player. Show Less