To The Moon

Bitcoin (BTC) has shattered records, surging to a new all-time high of $123,000, while SharpLink Gaming (SBET) skyrocketed 21% on July 15, 2025, to $24.57, cementing its status as the world’s largest corporate Ethereum (ETH) holder with a $425 million treasury. As “Crypto Week” (July 14-18, 2025) unfolds, with three pivotal bills—GENIUS Act, CLARITY Act, and CBDC Anti-Surveillance State Act—set to reshape U.S. crypto regulation, investors are buzzing: Is Bitcoin’s $123,000 peak a ceiling or a launchpad? Can SBET’s 274% year-to-date (YTD) rally sustain its momentum? And will Ethereum, SBET’s core asset, keep running? This report dives into the crypto surge, SBET’s meteoric rise, and strategic investment approaches to ride this wave while managing risks.

Bitcoin’s $123K Milestone: A New Era?

Bitcoin’s climb to $123,000, reached on July 14, 2025, marks a 75% YTD gain, driven by unprecedented institutional and corporate buying:

• Institutional Inflows: Spot Bitcoin ETFs manage $150 billion in assets, with BlackRock’s IBIT holding over 700,000 BTC (3.33% of supply). Marathon Digital and Hut8 added $1.63 billion in BTC, per X posts.

• Corporate Adoption: Over 130 public companies hold Bitcoin, with BlackRock surpassing MicroStrategy’s 6.18% of total supply. Tesla’s $1.5 billion BTC addition in Q1 2025 fueled sentiment.

• Regulatory Tailwinds: “Crypto Week” features three bills with a 92% chance of GENIUS Act passage, per Polymarket, potentially establishing a U.S. crypto reserve and boosting adoption.

• Macro Drivers: With U.S. inflation at 2.7% and negative real yields, Bitcoin’s a hedge against a weakening dollar, per Bloomberg.

However, Bitcoin’s price has pulled back to $117,000-$118,000, reflecting volatility. X users predict $135,000-$150,000 if bills pass, but warn of a drop to $110,000 if regulatory hurdles arise.

SBET’s Ethereum Power Play

SharpLink Gaming (SBET), a performance-based marketing firm for sports betting and iGaming, surged 21% on July 15 to $24.57, with a 274% YTD gain from $6.50. Its $425 million Ethereum treasury, announced in May 2025, positions it as the largest corporate ETH holder, outpacing MicroStrategy’s Bitcoin strategy:

• Strategic Move: SBET’s ETH treasury, inspired by Joseph Lubin’s Wall Street push, leverages Ethereum’s $500 billion market cap and DeFi dominance, per CoinMarketCap.

• Financials: Q1 2025 revenue was $23 million (up 20% YoY), but a negative EPS (-$0.53 TTM) and 2.96 beta signal high risk. The $1.4 billion market cap reflects speculative fervor.

• Market Impact: X posts call SBET “the MicroStrategy of Ethereum,” with some predicting $40-$50 if ETH breaks $3,200. Others warn of a “bubble” due to its unprofitable status.

SBET’s rally hinges on Ethereum’s performance, with ETH up 14% YTD to $2,600, lagging Bitcoin but poised for gains with ETF approvals and DeFi growth.

“Crypto Week”: A Regulatory Game-Changer

The House’s “Crypto Week” (July 14-18) features three bills that could reshape the crypto landscape:

• GENIUS Act: Mandates 1:1 cash backing for stablecoins, federal registration, and anti-money laundering measures. A 92% passage chance, per Polymarket, could boost stablecoin stocks like Circle (CRCL).

• CLARITY Act: Defines digital assets as securities or commodities, potentially placing Bitcoin under CFTC oversight, reducing regulatory uncertainty.

• CBDC Anti-Surveillance State Act: Blocks a Federal Reserve digital currency, supporting decentralized crypto like Bitcoin and Ethereum.

Positive outcomes could drive Bitcoin to $135,000-$150,000 and SBET to $30-$35, per analysts. Delays or stricter regulations might trigger a 5-10% crypto market pullback, with Bitcoin testing $110,000 and SBET $20.

Is Bitcoin’s Upside Limited?

At $123,000, Bitcoin’s upside may face constraints due to its high valuation and market saturation:

• Bull Case: Bitwise predicts $150,000 by year-end if “Crypto Week” bills pass, with ETF inflows and corporate buying absorbing 5% of supply. Standard Chartered’s $200,000 target assumes a U.S. crypto reserve.

• Bear Case: A CRSI of 72 and $1.1 billion in short liquidations suggest a potential pullback to $110,000-$115,000 if bills falter or profit-taking kicks in, per 10x Research.

• Technical Levels: Resistance at $125,000 is key; a breakout could target $135,000. Support at $115,000-$117,000 aligns with recent lows.

SBET’s 274% YTD gain faces similar risks, with its $24.57 price and 2.96 beta signaling volatility. If Ethereum breaks $3,200, SBET could hit $30-$35; a crypto market dip might drag it to $20-$22.

Can SBET Keep Running?

SBET’s rally depends on Ethereum’s trajectory and “Crypto Week” outcomes:

• Ethereum Outlook: ETH’s $2,600 price lags Bitcoin’s 75% YTD gain, but ETF approvals and DeFi growth could push it to $3,200-$3,500, per CoinGecko. SBET’s $425 million ETH treasury ties its fate to ETH’s performance.

• Technical Analysis: SBET’s 52-week range is $2.26-$124.12, with resistance at $30-$35 and support at $20-$22. RSI at 68 suggests room for upside before overbought conditions.

• Risks: Negative EPS (-$0.53 TTM), insider sales (2.16 million shares by CEO Sheridan), and competition from DraftKings and Rush Street Interactive could cap gains. Tariff risks (30% on EU/Mexico, 35% on Canada) add volatility.

SBET could sustain its rally if ETH breaks $3,200 and “Crypto Week” delivers, but a pullback to $20-$22 is possible if Ascertain the right time to buy AMD, TSMC, ASML, BYD, or NIO? Are these stocks catching up to Nvidia’s rally? Which companies are you most bullish on in AI, auto, and chips in China?

Crypto Fever Ignites: Bitcoin at $123K, SBET Soars 21%—Can Ethereum Keep the Rally Alive?

Bitcoin (BTC) has shattered records, surging to a new all-time high of $123,000 on July 14, 2025, while SharpLink Gaming (SBET) skyrocketed 21% on July 15 to $24.57, cementing its status as the world’s largest corporate Ethereum (ETH) holder with a $425 million treasury. As “Crypto Week” (July 14-18, 2025) unfolds, with three pivotal bills—GENIUS Act, CLARITY Act, and CBDC Anti-Surveillance State Act—set to reshape U.S. crypto regulation, investors are buzzing: Is Bitcoin’s $123,000 peak a ceiling or a launchpad? Can SBET’s 274% year-to-date (YTD) rally sustain its momentum? And will Ethereum, SBET’s core asset, keep running? This report dives into the crypto surge, SBET’s meteoric rise, and strategic investment approaches to ride this wave while managing risks.

Bitcoin’s $123K Milestone: A New Era?

Bitcoin’s climb to $123,000, reached on July 14, 2025, marks a 75% YTD gain, driven by unprecedented institutional and corporate buying:

• Institutional Inflows: Spot Bitcoin ETFs manage $150 billion in assets, with BlackRock’s IBIT holding over 700,000 BTC (3.33% of supply). Marathon Digital and Hut8 added $1.63 billion in BTC, per X posts.

• Corporate Adoption: Over 130 public companies hold Bitcoin, with BlackRock surpassing MicroStrategy’s 6.18% of total supply. Tesla’s $1.5 billion BTC addition in Q1 2025 fueled sentiment.

• Regulatory Tailwinds: “Crypto Week” features three bills with a 92% chance of GENIUS Act passage, per Polymarket, potentially establishing a U.S. crypto reserve and boosting adoption.

• Macro Drivers: With U.S. inflation at 2.7% and negative real yields, Bitcoin’s a hedge against a weakening dollar, per Bloomberg.

However, Bitcoin’s price has pulled back to $117,000-$118,000, reflecting volatility. X users predict $135,000-$150,000 if bills pass, but warn of a drop to $110,000 if regulatory hurdles arise.

SBET’s Ethereum Power Play

SharpLink Gaming (SBET), a performance-based marketing firm for sports betting and iGaming, surged 21% on July 15 to $24.57, with a 274% YTD gain from $6.50. Its $425 million Ethereum treasury, announced in May 2025, positions it as the largest corporate ETH holder, outpacing MicroStrategy’s Bitcoin strategy:

• Strategic Move: SBET’s ETH treasury, inspired by Joseph Lubin’s Wall Street push, leverages Ethereum’s $500 billion market cap and DeFi dominance, per CoinMarketCap.

• Financials: Q1 2025 revenue was $23 million (up 20% YoY), but a negative EPS (-$0.53 TTM) and 2.96 beta signal high risk. The $1.4 billion market cap reflects speculative fervor.

• Market Impact: X posts call SBET “the MicroStrategy of Ethereum,” with some predicting $40-$50 if ETH breaks $3,200. Others warn of a “bubble” due to its unprofitable status.

SBET’s rally hinges on Ethereum’s performance, with ETH up 14% YTD to $2,600, lagging Bitcoin but poised for gains with ETF approvals and DeFi growth.

“Crypto Week”: A Regulatory Game-Changer

The House’s “Crypto Week” (July 14-18) features three bills that could reshape the crypto landscape:

• GENIUS Act: Mandates 1:1 cash backing for stablecoins, federal registration, and anti-money laundering measures. A 92% passage chance, per Polymarket, could boost stablecoin stocks like Circle (CRCL).

• CLARITY Act: Defines digital assets as securities or commodities, potentially placing Bitcoin under CFTC oversight, reducing regulatory uncertainty.

• CBDC Anti-Surveillance State Act: Blocks a Federal Reserve digital currency, supporting decentralized crypto like Bitcoin and Ethereum.

Positive outcomes could drive Bitcoin to $135,000-$150,000 and SBET to $30-$35, per analysts. Delays or stricter regulations might trigger a 5-10% crypto market pullback, with Bitcoin testing $110,000 and SBET $20.

Is Bitcoin’s Upside Limited?

At $123,000, Bitcoin’s upside may face constraints due to its high valuation and market saturation:

• Bull Case: Bitwise predicts $150,000 by year-end if “Crypto Week” bills pass, with ETF inflows and corporate buying absorbing 5% of supply. Standard Chartered’s $200,000 target assumes a U.S. crypto reserve.

• Bear Case: A CRSI of 72 and $1.1 billion in short liquidations suggest a potential pullback to $110,000-$115,000 if bills falter or profit-taking kicks in, per 10x Research.

• Technical Levels: Resistance at $125,000 is key; a breakout could target $135,000. Support at $115,000-$117,000 aligns with recent lows.

SBET’s 274% YTD gain faces similar risks, with its $24.57 price and 2.96 beta signaling volatility. If Ethereum breaks $3,200, SBET could hit $30-$35; a crypto market dip might drag it to $20-$22.

Can SBET Keep Running?

SBET’s rally depends on Ethereum’s trajectory and “Crypto Week” outcomes:

• Ethereum Outlook: ETH’s $2,600 price lags Bitcoin’s 75% YTD gain, but ETF approvals and DeFi growth could push it to $3,200-$3,500, per CoinGecko. SBET’s $425 million ETH treasury ties its fate to ETH’s performance.

• Technical Analysis: SBET’s 52-week range is $2.26-$124.12, with resistance at $30-$35 and support at $20-$22. RSI at 68 suggests room for upside before overbought conditions.

• Risks: Negative EPS (-$0.53 TTM), insider sales (2.16 million shares by CEO Sheridan), and competition from DraftKings and Rush Street Interactive could cap gains. Tariff risks (30% on EU/Mexico, 35% on Canada) add volatility.

SBET could sustain its rally if ETH breaks $3,200 and “Crypto Week” delivers, but a pullback to $20-$22 is possible if catalysts falter.

Trading and Investment Strategies

Short-Term Plays

• Buy SBET on Dip: Enter at $20-$22, target $30-$35, stop at $18. A 25-50% gain if Ethereum breaks $3,200 or “Crypto Week” bills pass.

• Buy Bitcoin on Dip: Grab at $115,000-$117,000, target $135,000, stop at $110,000. A 15-18% gain if regulatory clarity boosts adoption.

• Options Straddle: Buy $24.57 calls/puts on SBET or $118,000 calls/puts on BTC for volatility around “Crypto Week” outcomes.

Long-Term Investments

• Hold SBET: Buy at $20-$22, target $40-$50 over 12 months, for 60-100% upside with Ethereum’s growth.

• Hold Ethereum: Buy at $2,500-$2,600, target $3,200-$3,500, for 23-35% upside with DeFi and ETF growth.

• Diversify with Crypto ETF ( $ProShares Bitcoin ETF(BITO)$ ): Buy at $30, target $40, stop at $28, for broad crypto exposure.

Hedge Strategies

• VIXY ETF: Buy at $15, target $18, stop at $13, to hedge against tariff or regulatory volatility.

• SPY ETF Puts: Use puts at $614 to protect against a 5-10% S&P 500 pullback.

• Gold ETF ( $SPDR Gold Shares(GLD)$ ): Buy at $200, target $220, stop at $190, as a safe-haven hedge.

My Trading Plan

I’m cautiously bullish on SBET, seeing $30-$35 as achievable by year-end 2025 if Ethereum breaks $3,200 and “Crypto Week” delivers regulatory clarity. I’ll buy SBET at $20-$22, targeting $30-$35, with an $18 stop, and ETH at $2,500-$2,600, targeting $3,200, with a $2,400 stop. For diversification, I’ll add BITO at $30, targeting $40, with a $28 stop. I’m hedging with VIXY at $15, targeting $18, and keeping 20% cash to seize dips if tariffs (e.g., U.S.-China trade tensions) or geopolitical tensions (Israel-Iran conflict) shake markets. I’ll monitor “Crypto Week” outcomes, Ethereum’s price, and Q2 earnings for cues.

Key Metrics

The Bigger Picture

Bitcoin’s $123,000 peak and SBET’s 21% surge to $24.57, driven by its $425 million Ethereum treasury, signal a crypto market on fire. “Crypto Week” (July 14-18) could cement U.S. regulatory clarity, boosting Bitcoin to $135,000-$150,000 and SBET to $30-$35 if bills pass. However, Bitcoin’s high valuation, SBET’s negative EPS, and risks like tariffs (30% on EU/Mexico, 35% on Canada) and competition could trigger pullbacks to $110,000 and $20, respectively. Investors should buy on dips for long-term upside, use options for volatility plays, and hedge with VIXY or GLD to manage risks. The crypto rally is electric—play it smart to win big.

Are you bullish on Bitcoin, SBET, or Ethereum? How long will SBET’s rally last? Share your strategy below! 🎁

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📝 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.

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