Bitcoin to $100K – Thanksgiving Cheer or Overblown Hype?

 

Hey everyone! So, Thanksgiving isn’t just about turkey and pie this year—it might also be Bitcoin’s (CRYPTO: BTC) ticket to the $100K club. Eric Jackson from EMJ Capital was on CNBC throwing out some spicy predictions, linking the upcoming holiday, SEC policy shifts, and global adoption to Bitcoin’s next big bull run. He even suggested that $100K could be a psychological game-changer for investors—from retail traders to big institutions.

 

And don’t forget Michael Saylor’s wild prediction: $13 million per Bitcoin by 2045. That’s some serious hopium, but hey, this is the guy holding 150,000 BTC. His company, MicroStrategy (MSTR.US), is practically a Bitcoin ETF at this point.

 

What really caught my attention, though, is how much the political and regulatory environment is tied to these predictions. Trump’s incoming administration is being seen as crypto-friendly, and there’s talk of Gary Gensler stepping down as SEC chair. If true, a more pro-crypto regime could shake things up in a big way.

 

But let’s get real for a second. Bitcoin is sitting just around $97.5K now, down quite a bit from last week’s high above $99K. Mike Novogratz from Galaxy Digital (GLXY.CA) already flagged concerns about leverage in the market. While Bitcoin’s long-term trajectory seems bullish, a pullback is still very likely in the short term. And let’s not forget, the crypto market loves a dramatic plot twist—rallies can turn into rug pulls real quick.

 

My take? Bitcoin crossing $100K feels inevitable, but it’s not going to be a smooth ride. Those catalysts—SEC policies, global adoption, Thanksgiving cheer—need to actually deliver. If not, this could just be another round of hype.

 

What do you think? Will Bitcoin smash through $100K this Thanksgiving, or are we gearing up for another pump-and-dump? #btc