Latest news with #EdulPatel
Economic Times
a day ago
- Business
- Economic Times
Can Bitcoin hit $250K? Mudrex CEO Edul Patel makes a case for long-term investing amid macro uncertainty
With Bitcoin hovering in the global spotlight, speculation around its future price continues to dominate market conversations. ADVERTISEMENT Can the world's most popular cryptocurrency really touch $250,000 in the near future? According to Edul Patel, CEO of crypto investing platform Mudrex, the answer isn't a simple yes or no—but there are strong arguments to believe in the long-term bullish case. Monetary Trends Favor Risk Assets In a panel discussion on ETMarkets Livestream, Patel explains that the current global macro setup is turning increasingly supportive of Bitcoin. 'We are seeing continuous growth in global monetary supply, with M2 hitting an all-time high,' he notes. Historically, such a rise has led to gradual inflows into risk assets like Bitcoin, unless checked by high interest rates. However, interest rates are now on a downward trajectory globally. 'Polymarket (world's largest prediction market) is already pricing in a 50–100 bps rate cut this year. Once the Fed joins the rate-cutting bandwagon, it could unlock further risk-on sentiment,' Patel explains. Bitcoin Becomes Less Volatile as Others Wobble Interestingly, Bitcoin's own volatility has declined, even as global macro volatility has increased. This contrast, Patel says, is turning Bitcoin into a relatively less risky asset in a riskier world. "If investors want to deploy capital today, Bitcoin offers a compelling risk-reward trade-off," he adds. ADVERTISEMENT Moreover, unlike previous cycles driven by retail hype and altcoin speculation, this cycle is institution-led. 'Over $46 billion has already flowed into Bitcoin ETFs, taking their total AUM to $75 billion. If this continues, we could very well see another $150 billion flow in—not improbable at all,' Patel highlights. Geopolitical Headwinds Still Pose a Threat ADVERTISEMENT Despite the strong monetary backdrop, geopolitics remains a key overhang. Patel cautions that ongoing conflicts—whether in Ukraine, the Middle East, or other regions—are injecting uncertainty that pushes capital toward safer, non-risk assets. 'Right now, it's not the perfect setup for a massive Bitcoin rally. But if peace breaks out and oil prices drop, liquidity could return and boost crypto prices meaningfully,' he adds. AI, Tokenization & the Future of Crypto Commenting on emerging trends, Patel is optimistic about the intersection of AI and tokenization. 'AI bots are making traders smarter, while tokenization is expanding access to financial assets. We're seeing treasury bills, real estate, and even AI compute resources being tokenized,' he notes. ADVERTISEMENT Still, these developments are not directly driving Bitcoin prices. 'Tokenization benefits the broader crypto ecosystem, but Bitcoin continues to function in a separate lane—as digital gold or an alternative reserve currency,' he explains. SIP Mindset & Asset Allocation: A Timeless Strategy For investors looking to enter the space, Patel offers timeless advice: start small, invest regularly, and think long-term. 'I literally do a daily SIP of $10 into Bitcoin. That's the best way to build exposure without worrying about price swings,' he shares. ADVERTISEMENT He recommends allocating 3–5% of one's net wealth into crypto. 'Wealth creation is about recurring, steady investments. There are no shortcuts—only discipline,' he emphasizes. What Should Investors Do? While $250,000 may seem like a bold number, Patel argues it's not outlandish given the current monetary trends, institutional flows, and Bitcoin's growing role as a safe haven. However, near-term headwinds like geopolitical instability remain a investors, the takeaway is clear: focus on long-term participation, manage your exposure prudently, and avoid chasing speculative cycles. Whether Bitcoin hits $250K or not, the real value lies in disciplined investing. Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Can Bitcoin hit $250K? Mudrex CEO Edul Patel makes a case for long-term investing amid macro uncertainty
With Bitcoin hovering in the global spotlight, speculation around its future price continues to dominate market conversations. Can the world's most popular cryptocurrency really touch $250,000 in the near future? According to Edul Patel, CEO of crypto investing platform Mudrex, the answer isn't a simple yes or no—but there are strong arguments to believe in the long-term bullish case. Monetary Trends Favor Risk Assets In a panel discussion on ETMarkets Livestream, Patel explains that the current global macro setup is turning increasingly supportive of Bitcoin. 'We are seeing continuous growth in global monetary supply, with M2 hitting an all-time high,' he notes. Historically, such a rise has led to gradual inflows into risk assets like Bitcoin, unless checked by high interest rates. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 2.24% Buy DeFi Tracker 0.21% Buy NFT & Metaverse Tracker -0.33% Buy AI Tracker -1.06% Buy Web3 Tracker -3.14% Buy TOP COINS (₹) BNB 55,172 ( -0.4% ) Buy Bitcoin 9,157,371 ( -0.49% ) Buy Ethereum 209,555 ( -0.54% ) Buy Solana 12,146 ( -1.39% ) Buy XRP 179 ( -4.03% ) Buy However, interest rates are now on a downward trajectory globally. 'Polymarket (world's largest prediction market) is already pricing in a 50–100 bps rate cut this year. Once the Fed joins the rate-cutting bandwagon, it could unlock further risk-on sentiment,' Patel explains. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Live Events Bitcoin Becomes Less Volatile as Others Wobble Interestingly, Bitcoin's own volatility has declined, even as global macro volatility has increased. This contrast, Patel says, is turning Bitcoin into a relatively less risky asset in a riskier world. "If investors want to deploy capital today, Bitcoin offers a compelling risk-reward trade-off," he adds. Moreover, unlike previous cycles driven by retail hype and altcoin speculation, this cycle is institution-led. 'Over $46 billion has already flowed into Bitcoin ETFs, taking their total AUM to $75 billion. If this continues, we could very well see another $150 billion flow in—not improbable at all,' Patel highlights. Geopolitical Headwinds Still Pose a Threat Despite the strong monetary backdrop, geopolitics remains a key overhang. Patel cautions that ongoing conflicts—whether in Ukraine, the Middle East, or other regions—are injecting uncertainty that pushes capital toward safer, non-risk assets. 'Right now, it's not the perfect setup for a massive Bitcoin rally. But if peace breaks out and oil prices drop, liquidity could return and boost crypto prices meaningfully,' he adds. AI, Tokenization & the Future of Crypto Commenting on emerging trends, Patel is optimistic about the intersection of AI and tokenization. 'AI bots are making traders smarter, while tokenization is expanding access to financial assets. We're seeing treasury bills, real estate, and even AI compute resources being tokenized,' he notes. Still, these developments are not directly driving Bitcoin prices. 'Tokenization benefits the broader crypto ecosystem, but Bitcoin continues to function in a separate lane—as digital gold or an alternative reserve currency,' he explains. SIP Mindset & Asset Allocation: A Timeless Strategy For investors looking to enter the space, Patel offers timeless advice: start small, invest regularly, and think long-term. 'I literally do a daily SIP of $10 into Bitcoin. That's the best way to build exposure without worrying about price swings,' he shares. He recommends allocating 3–5% of one's net wealth into crypto. 'Wealth creation is about recurring, steady investments. There are no shortcuts—only discipline,' he emphasizes. What Should Investors Do? While $250,000 may seem like a bold number, Patel argues it's not outlandish given the current monetary trends, institutional flows, and Bitcoin's growing role as a safe haven. However, near-term headwinds like geopolitical instability remain a hurdle. For investors, the takeaway is clear: focus on long-term participation, manage your exposure prudently, and avoid chasing speculative cycles. Whether Bitcoin hits $250K or not, the real value lies in disciplined investing.
Time of India
4 days ago
- Business
- Time of India
Bitcoin surges past $105,000, Ethereum jumps 8% and altcoins rally; traders eye Powell's speech for next leg up
Bitcoin surged past the $105,000 mark on Tuesday, lifted by easing geopolitical tensions and robust inflows into spot exchange-traded funds (ETFs). As of 12:31 pm IST, the world's largest cryptocurrency was up 3.7% at $105,785, while Ethereum gained 8% to $2,430. The total crypto market capitalisation rose 4.74% to $3.27 trillion, according to CoinMarketCap, according to an ET report. The rally followed US President Donald Trump's announcement of a ceasefire agreement between Iran and Israel, which calmed investor fears about a prolonged geopolitical crisis and oil supply disruptions, the report said. Major altcoins tracked Bitcoin's rise. Solana surged 9%, Sui climbed 15%, and Chainlink added 12%. Other notable gainers included XRP (8.4%), Dogecoin (8%), Avalanche (8%), and Shiba Inu (10%). 'The ceasefire alleviated immediate concerns about global oil disruptions and restored geopolitical stability, prompting capital to flow back into risk assets,' said Edul Patel, Co-founder and CEO of Mudrex, in a comment to ET. He added that if Federal Reserve Chair Jerome Powell hints at rate cuts in his address later in the day, Bitcoin could break past the $107,700 resistance level. Giottus CEO Vikram Subburaj told ET that spot Bitcoin ETFs saw $133 million in inflows. 'Despite short-term holders reacting to geopolitical news by moving 14,700 BTC to exchanges, the overall structure shows ongoing accumulation,' he said. Sathvik Vishwanath, Co-Founder and CEO of Unocoin, said institutional support remains a key driver. 'Bitcoin has swept liquidity at $100K and now eyes the $110K–$112K zone. If bulls defend $102K, the next leg could aim for $120K,' he was quoted as saying by ET. The CoinDCX Research Team highlighted that the rally coincides with favourable regulatory developments. 'The Federal Reserve has removed the 'reputational risk' clause penalising Bitcoin and crypto. Saylor's MicroStrategy added another $26 million worth of Bitcoin, bringing its total to 592,345 BTC valued at $41.87 billion,' the team told ET. They also noted that Europe's Blockchain Group recently added 75 BTC to its holdings, which now total 1,728 BTC. The Crypto Fear and Greed Index rose to 65, re-entering the 'Greed' zone and reflecting increased investor confidence. However, analysts cautioned that high funding rates could trigger short-term pullbacks. 'Capital is rotating into majors, and with Bitcoin dominance at 64.5%, this signals market strength. But traders should stay cautious near $110K—whether it's a breakout or a bull trap will shape the next wave,' Vishwanath added, according to ET. Market participants now await Powell's comments for further cues on interest rate policy. A dovish tone, analysts believe, could amplify bullish momentum and push Bitcoin closer to new all-time highs. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
4 days ago
- Business
- Economic Times
Bitcoin crosses $105,000 amid geopolitical relief and ETF inflows; Sui, Chainlink jump up to 15%
Bitcoin price increased beyond $105,000. This surge happened because of reduced global tensions and more investments in ETFs. Ethereum also saw a rise. Other cryptocurrencies like Solana and XRP also gained value. Market experts suggest that if the US Federal Reserve indicates interest rate cuts, Bitcoin might rise further. Regulatory changes are also supporting this upward trend. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS XRP 187.63 ( 7.27 %) Buy Solana 12,416 ( 6.73 %) Buy Ethereum 2,07,047 ( 5.67 %) Buy Bitcoin 90,53,536 ( 2.54 %) Buy BNB 55,079 ( 1.83 %) Buy Popular in Markets Bitcoin surged past the $105,000 mark on Tuesday, buoyed by easing geopolitical tensions and strong inflows into spot ETFs. As of 12:31 pm IST, the world's largest crypto currency was up 3.7% at $105,785. Ethereum also posted strong gains, rising 8% to $2,430. The broader crypto market added 4.74% to touch a market capitalisation of $3.27 trillion, according to rally came after US President Donald Trump announced a ceasefire agreement between Iran and Israel, alleviating concerns of prolonged geopolitical instability and potential disruptions in global oil supply altcoins mirrored Bitcoin's rally. Solana and Sui rose 9% and 15%, respectively, while Chainlink jumped 12%. Other notable gainers included XRP (8.4%), Dogecoin (8%), Avalanche (8%), and Shiba Inu (10%).'The ceasefire alleviated immediate concerns about global oil disruptions and restored geopolitical stability, prompting capital to flow back into risk assets,' said Edul Patel, Co-founder and CEO of Mudrex. 'If Fed Chair Jerome Powell hints at rate cuts in his speech today, Bitcoin could break above the $107,700 resistance,' he Subburaj, CEO of Giottus, noted that the rally was supported by spot Bitcoin ETFs registering $133 million in inflows. 'Despite short-term holders reacting to geopolitical news by moving 14,700 BTC to exchanges, the overall structure shows ongoing accumulation,' he Vishwanath, Co-Founder and CEO of Unocoin, said the current surge is part of a broader trend driven by institutional support. 'Bitcoin has swept liquidity at $100K and now eyes the $110K–$112K zone. If bulls defend $102K, the next leg could aim for $120K,' he CoinDCX Research Team highlighted that this momentum coincides with regulatory tailwinds. 'The Federal Reserve has removed the 'reputational risk' clause penalising Bitcoin and crypto. Saylor's MicroStrategy added another $26 million worth of Bitcoin, now holding 592,345 BTC valued at $41.87 billion,' they said. They also pointed out that Europe's Blockchain Group recently bought 75 BTC, pushing its total holdings to 1,728 Crypto Fear and Greed Index climbed to 65, re-entering the 'Greed' zone, signalling rising investor confidence. Analysts warn, however, that elevated funding rates could lead to temporary pullbacks.'Capital is rotating into majors, and with Bitcoin dominance at 64.5%, this signals market strength. But traders should stay cautious near $110K—whether it's a breakout or bull trap will shape the next wave,' Vishwanath markets await Powell's remarks, traders are watching closely for cues on interest rate policy. Any dovish signal could amplify the current momentum, possibly pushing Bitcoin toward new all-time Read: XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
Bitcoin crosses $105,000 amid geopolitical relief and ETF inflows; Sui, Chainlink jump up to 15%
Bitcoin surged past the $105,000 mark on Tuesday, buoyed by easing geopolitical tensions and strong inflows into spot ETFs. As of 12:31 pm IST, the world's largest cryptocurrency was up 3.7% at $105,785. Ethereum also posted strong gains, rising 8% to $2,430. The broader crypto market added 4.74% to touch a market capitalisation of $3.27 trillion, according to CoinMarketCap. The rally came after US President Donald Trump announced a ceasefire agreement between Iran and Israel, alleviating concerns of prolonged geopolitical instability and potential disruptions in global oil supply chains. Major altcoins mirrored Bitcoin's rally. Solana and Sui rose 9% and 15%, respectively, while Chainlink jumped 12%. Other notable gainers included XRP (8.4%), Dogecoin (8%), Avalanche (8%), and Shiba Inu (10%). Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker -0.02% Buy BTC 50 :: ETH 50 -2.40% Buy Web3 Tracker -3.51% Buy Smart Contract Tracker -3.63% Buy DeFi Tracker -3.72% Buy TOP COINS (₹) XRP 187 ( 6.73% ) Buy Solana 12,393 ( 6.19% ) Buy Ethereum 205,637 ( 4.72% ) Buy Bitcoin 9,034,193 ( 2.19% ) Buy BNB 55,020 ( 1.6% ) Buy 'The ceasefire alleviated immediate concerns about global oil disruptions and restored geopolitical stability, prompting capital to flow back into risk assets,' said Edul Patel, Co-founder and CEO of Mudrex. 'If Fed Chair Jerome Powell hints at rate cuts in his speech today, Bitcoin could break above the $107,700 resistance,' he added. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Vikram Subburaj, CEO of Giottus, noted that the rally was supported by spot Bitcoin ETFs registering $133 million in inflows. 'Despite short-term holders reacting to geopolitical news by moving 14,700 BTC to exchanges, the overall structure shows ongoing accumulation,' he said. Live Events Sathvik Vishwanath, Co-Founder and CEO of Unocoin, said the current surge is part of a broader trend driven by institutional support. 'Bitcoin has swept liquidity at $100K and now eyes the $110K–$112K zone. If bulls defend $102K, the next leg could aim for $120K,' he said. The CoinDCX Research Team highlighted that this momentum coincides with regulatory tailwinds. 'The Federal Reserve has removed the 'reputational risk' clause penalising Bitcoin and crypto. Saylor's MicroStrategy added another $26 million worth of Bitcoin, now holding 592,345 BTC valued at $41.87 billion,' they said. They also pointed out that Europe's Blockchain Group recently bought 75 BTC, pushing its total holdings to 1,728 BTC. The Crypto Fear and Greed Index climbed to 65, re-entering the 'Greed' zone, signalling rising investor confidence. Analysts warn, however, that elevated funding rates could lead to temporary pullbacks. 'Capital is rotating into majors, and with Bitcoin dominance at 64.5%, this signals market strength. But traders should stay cautious near $110K—whether it's a breakout or bull trap will shape the next wave,' Vishwanath added. As markets await Powell's remarks, traders are watching closely for cues on interest rate policy. Any dovish signal could amplify the current momentum, possibly pushing Bitcoin toward new all-time highs. Also Read: XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally
