David Sacks, a renowned venture capitalist and early PayPal executive, has officially joined the White House job as the Crypto and AI Czar. Interestingly, he made headlines just before joining for selling $200M worth of crypto holdings, including Bitcoin. While he believes it is a strategic exit considering his role, others question whether he will regret it later, as Bitcoin looms into the full cycle, where experts anticipate a price rally (cycle top) to $440k.
Bitcoin Price Rally: Crypto Analyst Predicts $440K Cycle Top
Crypto analysts have been quite optimistic about the Bitcoin price trajectory for years. However, the recent downturn amid the market’s bearish sentiments and the crypto market crash caused investors to worry about this digital asset’s future.
However, things align to change, as BTC’s price overcame the $84k barrier and is moving upward. Adding to the enthusiasm. Crypto analyst Josh Mandel has predicted BTC’s next milestone after his previous one came true.
In a few-month-old post, he forecasted this digital asset to hit $84k on March 14, 2025, and that’s what happened.
Not only that, the other mentioned dates also had the proper mention of big moves or turning points, shocking everyone with the accuracy of the forecast.
Now, the eyes are on the next hint, built on the ‘Fourth Turning’ concept- a historical cycle theory suggesting drastic societal and economic shifts. In a poem, Josh Man says:
When 84 becomes the base, Bitcoin CALLS will melt their face. This is how you get ahead of Buy IBIT calls in size. Instead of ten to one, you’ll write it up.
The analyst Peter Duan, who decoded it, claims that the poem suggests $444k is the ultimate Bitcoin cycle top. This shot a new enthusiasm among investors, especially as a lot is happening around this asset, including the Bitcoin Reserve Executive Order signing.
The global adoption is also at its peak; as Godman Sachs mentioned BTC & crypto for the first time in its annual shareholder letter, and a Minnesota senator introduced a bill to accept BTC payments.
Did David Sacks Sell Too Early?
Josh’s Bitcoin price prediction is just an anticipation, and the market’s unpredictability may change the direction. However, simultaneously, the accuracy of his predictions made people question whether David Sacks made the right decision.
Sacks probably made this decision due to a conflict of interest. Many critics, including Senator Elizabeth Warren, have objected to Sack’s Crypto Czar role with high crypto holdings, but that’s no longer a discussion. Although this selling step aligns with his role, Donald Trump still holds his cryptos, resulting in investors questioning any additional motive.
In the All-In podcast, Savid revealed that he did it “because I didn’t want to even have the appearance of a conflict,” said CNBC.
Interestingly, there have been incidents where people sold their holdings at a low amid circumstances but regretted it. Now, it is time to see how things will take a turn, as analysts anticipate the BTC price will reach $440k.
Final Thoughts: David Sacks & Bitcoin Price Trajectory in Doubt
Predicting Bitcoin’s exact price trajectory accurately is challenging, but analyzing historical trends, institutional demand, and speculative enthusiasm could determine a perfect result. Josh Man succeeded in his predictions, and now the eyes are on his $440k BTC target. David Sacks’s $200M sale would become a missed opportunity if this happened. However, a different result would make his crypto exits worth it.
The post Will David Sacks Regret His $200M Crypto Sale as Expert Predicts $440K Bitcoin Cycle Top? appeared first on CoinGape.
