Amidst the cacophony of Wall Street’s fevered dreams, a lone analyst, Andrew Jeffery of William Blair, strides forth like a prophet of old, declaring: Buy Bitcoin! Yes, now! While the masses tremble before the abyss of market capitulation! 📉💸
In a sermon delivered to CNBC’s flock, Jeffery intoned, “The weakness? Merely a fleeting shadow. A temporary torment of the crypto soul!” He anointed Circle and Coinbase as his chosen vessels, their fates entwined with Bitcoin’s “immature” ambition-a nascent, trembling creature of finance with a paltry $1.9 trillion market cap. 🌱👹
Yet beware! A third of Bitcoin’s supply slumbers in 2 million wallets, guarded by retail investors-those poor, deluded souls who flee at the first gust of red. “The weakest hands!” Jeffery cried, as if addressing a congregation of sinners. “Downdrafts become self-fulfilling! How the mighty speculate!” 🙃📉
“The most recent buyers, namely retail in ETFs, are probably the weakest hands,” he lamented, his voice echoing through the empty corridors of rationality. “Downdrafts sort of become self-fulfilling.”
Can Bitcoin Really Rival Gold?
A clash of titans! Bitcoin, the upstart, dares challenge gold-the ancient, unyielding colossus with a 15x larger market cap. Jeffery, ever the romantic, sees victory in the distance: “Lower costs! Capped supply! Borderless glory!” he roared, as if urging a cavalry charge. 🥊💥
“I see Bitcoin over time being a true store of value and supplanting gold in a lot of respects,” he declared, wiping the sweat from his brow. A decade’s reign as the “best-performing asset”? Merely a prelude to divine ascension. 🌟👑
Why He’s Betting on Circle and Coinbase
Bitcoin, that “spiritual” asset, shall not conquer alone. No! Its secular brethren, the stablecoins, shall inherit the earth. “USDC is the play!” Jeffery thundered, genuflecting before Circle’s altar. Coinbase, the gatekeeper of America’s crypto soul, stands poised to profit. 🐎💼
“I think that’s where stablecoins come in, and USDC is the play,” he intoned, as retail investors nodded, their portfolios trembling. “That’s why we’re so bullish on Circle.”
And so, the drama unfolds: a tale of faith, folly, and the endless dance of bulls and bears. Will Bitcoin rise? Will ETFs crumble? Stay tuned-for in this circus, the only certainty is the clown car of speculation. 🤡🎢
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2026-01-08 16:23