Economist Henrik Zeberg remains bullish on Bitcoin, predicting it could surpass its record high of $108,200 despite a recent dip. He warns, however, that after reaching a peak, Bitcoin could plummet to around $16,000, signaling the start of a major bear market. Zeberg also anticipates a significant rally in altcoins, suggesting that the most explosive phase of the altcoin season is imminent, but it will be followed by a downturn.
The Swiss stock exchange opened lower, with the SMI Index down 1.07% at 11,293.27 points, influenced by Wall Street's weak close and Asian market performance. Investors are reacting to the Federal Reserve's cautious stance on interest rate cuts, while today's "witch's day" may lead to increased volatility in trading. Notable declines include UBS (-1.54%) amid the Credit Suisse report, and Logitech (-1.59%), while Richemont fared better with a smaller drop of -0.56%.
Dogecoin (DOGE) is poised for a potential rally to $3 in January, driven by bullish indicators, while Solana (SOL) is expected to break out of a descending channel, with price targets between $270 and $301. Meanwhile, IntelMarkets (INTL) has raised over $5 million in its presale and is projected to grow 20x by Q1 2025, thanks to its innovative AI trading platform.
Bitcoin remains in a bullish phase, currently trading around $97,947, with key support levels at $80K, $90K, and $100K. Analyst Alan Santana emphasizes long-term trends over short-term fluctuations, predicting continued accumulation by whales and institutional players, which could lead to significant wealth creation by 2025. Despite a recent 3.23% correction, any dips are viewed as buying opportunities, reinforcing the overall bullish sentiment in the crypto market.
Zwei Wealth, a Zurich-based financial boutique, has experienced a remarkable 90% increase in search volumes for its services, totaling 787 million francs since the start of 2023. The firm has submitted over 5,247 proposals, with a notable rise in equity mandates by 45%, while demand for fixed-income mandates has declined. Strong interest has been reported from pension funds, family offices, and foundations, with high-net-worth private clients contributing 435 million francs in search volume.
Zwei Wealth, a Zurich-based financial boutique, has reported a 90% increase in demand for its services, with search volumes reaching 787 million Swiss francs and over 5,247 tenders submitted since the start of 2023. While fixed-income mandates declined, equity mandates surged by 45%, with balanced risk profiles making up 53% of the tender volume. The firm noted strong interest from pension funds, family offices, and foundations, highlighting a significant shift in the wealth management landscape.
IOTA's governance vote on the Rebased Protocol concluded with 98.37% approval, marking a significant upgrade in its history. The transition to the new mainnet is underway, with partners testing the technology and independent validators onboarding. Key conditions for a smooth release include a two-month testnet phase, security audits, and integration by major exchanges.
Bitcoin's price has recently dropped significantly, prompting investors to consider buying the dip. Historical patterns suggest a potential rebound, as seen in August when BTC surged over 25% after a similar decline. However, critical support levels have been breached, raising concerns about increased selling pressure among investors.

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