Is Bitcoin on the Way Back to $100,000? | REKT Vision (January 16, 2025)
Summary
On REKT Vision, Mando and Sergito discuss bitcoin's push toward $100k, ether's setup, and crypto market rotation after a year-end flush. Mando outlines bullish BTC/ETH trades, ETH treasury vehicles, Monero over Zcash, Hyperliquid, BNB, and NFT/DeFi apps, while Sergito is constructive on Ethereum fundamentals, CryptoPunks, and Meebits but skeptical of Zcash and broad altcoins. They also cover the Clarity Act, stablecoin yield, bank competition, macro money printing, and NFT market structure.
- Bitcoin tested and retested 94.5k resistance; Mando sees a path to 100k and the 50-week MA near 105k.
- Mando is long ETH, citing rotation and ETH DAT buying; Sergito likes ETH fundamentals and institutional building.
- Mando prefers Monero over Zcash and likes Hyperliquid, BNB, and some ETH DATs.
- Sergito is bullish CryptoPunks and Meebits but views altcoins as extraction vehicles and Zcash as coordinated.
- The Clarity Act debate centers on DeFi oversight, tokenized stocks, and stablecoin yield, with an uncertain outcome.
- Macro discussion covers geopolitical volatility, resource competition, and expectations of more money printing.
- NFT discussion focuses on community-led brands, licensing, digital experiences, and value accrual.
- The hosts see the best crypto trades increasingly in apps and communities built on crypto.
Ideas
Long Google and gold positions.
Mando got involved in Google and gold early in the year as part of buying other assets while crypto wasn't making sense and other markets were going higher. He later noted gold is at all-time highs but slowing, which could support rotation back into crypto.
ETH long on rotation and DATs.
Mando put on his biggest ETH long in many months after Bitcoin broke 94.5k, expecting rotation back into crypto as tech and gold slow. He became less bearish on ETH because Bitmine/Tom Lee may raise billions more to buy ETH up to 5% of market cap and ETH DATs have staking yield; he targets the 50-week MA around 3,600-3,650 with downside around 3,200, so he likes the risk/reward.
Bitcoin likely heads to $100k.
Bitcoin broke above 94.5k resistance and retested it, and Mando thinks it is very likely to go to 100k from here. He likes the risk/reward because downside is roughly 93-94k while upside is 100k and potentially the 50-week moving average near 105k; he put on the trade on the breakout and remains bullish.
ETH DATs Bitmine, SharpLink okay.
Mando became less bearish on major ETH DATs because Bitmine and SharpLink have staking yield and an income component, unlike Bitcoin DATs' fake yield. Bitmine/Tom Lee likely has votes to increase share capital to buy another roughly $7-10B of ETH, moving toward 5% of ETH market cap, making these vehicles more diversified and likely to do okay.
Ethereum fundamentals support institutional main-chain role.
Sergito argues Ethereum fundamentals are improving: mainnet activity and new wallet creation are back at highs, recent upgrades/roadmap execution have been solid, and gas complaints have faded. Large traditional investment firms and banks are building on Ethereum, and he thinks Ethereum will be the main chain for that institutional and tokenization activity, with fundamentals and tech supporting the downside.
CryptoPunks are valuable community-led digital art.
Sergito is bullish on CryptoPunks: despite a Q4 drawdown from loans/liquidations and tax-loss selling, the floor is still around $95k, which he views as a strong signal. Under the Node Foundation/Ribbit Capital-linked ownership, the community continues building; MOMA added punks, the Palo Alto exhibit puts them in Silicon Valley, and he views them as top tokenized digital art with a valuable network and club-like community.
Node/Ribbit makes CryptoPunks collectible.
Mando likes the CryptoPunks setup under the Node Foundation because the team includes Ribbit Capital investors who know everyone in tech and have an aura/club quality. That exclusivity and network effect is often what makes a collectible valuable long term, and he is interested to see them lean into it.
Meebits plans revive valuable digital art.
Sergito says The Meebit Company owns the IP to Meebits and owns 870 of them, aligning it with long-term value. The plan is to relaunch the digital experience, focus on Otherside/metaverse, run soccer/World Cup activations, and stage a New York fifth-anniversary event with Larva Labs advisors to reframe Meebits as important generative digital art.
Zcash hype looks coordinated, not durable.
Sergito is skeptical of the Zcash privacy narrative: Zcash has been around for a long time, the discussion around it looks like coordinated group-mind trading, and old coins that have seen similar cycles are not the real technical solution for crypto privacy. He congratulates those making money but would not chase it.
Hyperliquid revenues and share hold up.
Mando likes Hyperliquid because DeFi revenue trends remain strong, Hyperliquid's revenues continue to go higher, and it has absorbed competitive attacks over recent months while retaining market share.
Rex interesting in NFT coins.
Mando says he is involved with Rex and finds it interesting from a coin perspective amid the NFT-coin narrative.
Prefer Monero over coordinated Zcash.
In privacy coins, Mando prefers Monero over Zcash. He had already got involved in XMR, and Monero has held gains on the privacy narrative, while Zcash feels too coordinated for his liking.
Prefer Monero over coordinated Zcash.
In privacy coins, Mando prefers Monero over Zcash. He had already got involved in XMR, and Monero has held gains on the privacy narrative, while Zcash feels too coordinated for his liking.
BNB benefits from Binance growth.
Mando likes BNB because it combines an L1 with a platform, and he sees Binance as an entity that can only really keep growing over the next few years.
Altcoins are extraction vehicles with sellers.
Sergito views altcoins as extraction vehicles: they are good only if you can buy before the public and sell. Many tokens have large natural sellers because projects fund themselves by selling tokens; even market-leading DeFi protocol tokens like Uniswap can stay down, and he is not comfortable with assets having a natural large seller.
Altcoin dilution makes asset class harder.
Mando agrees altcoins as an asset class have become much more difficult because the number of coins exploded from about 2,000 in 2021 to roughly 10 million in 2024/2025, causing massive dilution. Winners can still be found, but the broad altcoin asset class is much harder.
Best crypto trades are apps/communities.
Mando increasingly thinks the best crypto trades are around things built on crypto rather than the base layer. He expects the most parabolic gains to come from NFT communities or organized DeFi/DApp teams that ship exciting products and build communities.
Up Next
This Real Vision video, published January 17, 2026, features Mando, Sergito discussing GOOG, GLD, ETH, BTC, BITMINE, SHARPLINK, CRYPTOPUNKS, MEEBITS, ZEC, HYPE, REX, XMR, BNB, ALTCOINS, NFTS, DEFI. 17 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Mando, Sergito · Tickers: GOOG, GLD, ETH, BTC, BITMINE, SHARPLINK, CRYPTOPUNKS, MEEBITS, ZEC, HYPE, REX, XMR, BNB, ALTCOINS, NFTS, DEFI