Bitcoin Price Prediction: Why the Bear Market Is Already Over | Joe Consorti

Jody Flournoy hosts Bitcoin and macro analyst Joe Consorti on The Daily Stack to discuss the $BTC price near $85K, BlackRock $IBIT inflows, Strait of Hormuz oil exports, FOMC rate hike odds, the 10-year Treasury yield at 5.3%, and Strategy $MSTR, Strive $ASST and $STRC. Consorti argues the bear market is over. He points to falling open interest, a rally of roughly 50% from the $58K low, and Bitcoin rising despite the Treasury market selloff. This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack Chapters: 0:00 Preview: Is the Bitcoin Bear Market Over? 0:33 Joe Consorti Joins: $BTC Near $85K, Path to $100K 2:20 Iran War, Strait of Hormuz and Saudi Oil Exports 5:07 BlackRock $IBIT Inflows and the Four Year Cycle 7:19 FOMC Rate Hike Odds and Weak US Payrolls 10:01 AI Layoffs, Data Centers and Blue Collar Jobs 13:45 Bitcoin Open Interest, Leverage and Liquidations 18:36 Bull Market Definition: $BTC From $58K to $85K 21:57 10 Year Treasury at 5.3% and Bitcoin Rising 33:02 Bond Market Leads the Fed, Michael Burry Doomerism 39:42 Strategy $MSTR, Strive $ASST, $STRC Treasury Risk 46:16 Wrap Up and Ledn Sponsor Message Key takeaways: \- Joe Consorti said Bitcoin open interest is about 256,000 BTC, the same level as when price was $77K, which he called a very healthy market structure. \- Consorti said Bitcoin rose from $58K to $85K while the 10-year Treasury yield climbed from about 4.2% to 5.3%, which he sees as the market pricing in future monetary easing. \- Consorti said Saudi Arabia's oil exports are back to about 6.1 million barrels per day, near pre-war levels, even though Iran reports zero exports. \- Consorti said FOMC rate hike odds fell to about 20 to 25% after cool inflation and labor reports. Jody Flournoy noted payrolls came in at 29,000 versus about 90,000 expected. \- Jody Flournoy cited the Matt Cole and Robin Seyr discussion: Strategy holds no encumbered Bitcoin and about 18 months of dividend reserves. Consorti said $STRC is almost back at par. Listen and follow The Daily Stack: Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653 Website: https://dailystackhq.com X: https://x.com/dailystackHQ Not financial advice.