Katie Stockton, founder and managing partner of Fairlead Strategies, made statements about the US economy, Bitcoin and Ethereum in the TV program she attended.
While discussing Treasury yields, Stockton suggested a potential downtrend in 10-year yields and predicted a move below 3%. Stating that there is a change in momentum on a long-term basis, Stockton pointed to a relief rally in the countertrend in yields.
Despite the uncertainty surrounding rate cuts, Stockton remains cautiously optimistic about the market's overall resilience.
The interview ended with a discussion on the cryptocurrency market, specifically Bitcoin and Ethereum. Stockton said he predicted a brief dip below $40,000 for Bitcoin, but he highlights the uptrend and price breakouts before the pullback. He expressed more excitement about Ethereum's trend and momentum, considering that the relative strength has shifted in favor of ETH.
Stockton recently said that the price of Bitcoin could rise to $56,400 with the approval of the Spot ETF. However, BTC entered a downtrend after rising to around $48,000.
*This is not investment advice.