The Milk Road Show

Q4 2025 Could Mark the Start of Bitcoin and Crypto’s Biggest Bull Run w/ Kevin Kelly & Jesse Eckel

12 snips
Oct 3, 2025
Join Kevin Kelly, co-founder of Delphi Digital and a macro crypto researcher, alongside Jesse Eckel, founder of OpEx Ventures and savvy crypto investor, as they explore the potential for Bitcoin and crypto's next major bull run. They dissect macro forces shaping the market, emphasizing the crucial role of global liquidity and October's structural shifts. The duo debates timing for the market peak, AI's economic impact, and predicts a revenue-driven alt season ahead. Buckle up for insights that could redefine your crypto strategies!
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ADVICE

Prepare For An October Rally Then Pullback

  • Expect a possible early-October rally followed by consolidation as issuance and liquidity dynamics play out.
  • Use that consolidation to reassess positions rather than assume the rally is the cycle top.
INSIGHT

Liquidity + Risk Appetite + Adoption Drive BTC

  • Price drivers compress into liquidity, risk appetite, and adoption working together.
  • Gold is signaling currency debasement and tends to lead Bitcoin, strengthening the macro case for BTC.
ADVICE

Follow Data Not Cycle Labels

  • Do not fixate on arbitrary cycle-length labels; follow the underlying data instead.
  • Consider Q2 next year as a potential local top but remain flexible to extensions if liquidity persists.
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