🥛 BTC to $50M by 2041? 🤨

GM. This is Milk Road, the crypto newsletter serving hot takes like a taco stand at 2am: messy, bold, and impossible to ignore.

Here’s a taste of this week’s menu:

🔥 This deficit monetization won’t end well
🥵 Those who pivoted in 2025 are screwed
🌶️ BTC to $50M, ETH to $1.5M (by 2041)

Bridge helps businesses send, store, accept, and launch stablecoins instantly. Learn how Bridge is powering stablecoin-backed money movement.

HOT TAKES OF THE WEEK 🔥

This never ends well 🤦♂️

Liquidity messiah, Michael Howell, says we are witnessing the "monetization" of the U.S. deficit, where banks expand their balance sheets to buy government debt rather than using existing savings.

He warns that this process "never ends well".

To survive it, investors must hold monetary inflation hedges like Gold, Silver, and Bitcoin.

🎙️ Listen to the full Milk Road Macro episode here.

Big mistake (HUGE) 👎

Our lead Milk Road PRO researcher, Martin, believes investors are currently making a huge mistake by focusing on crypto prices.

They should be focusing on the massive fundamental progress made in 2025.

His core thesis is that while prices and fundamentals have diverged in the short term, they will eventually reconnect, leaving those who pivoted behind.

🎙️ Listen to the full Milk Road Daily episode here.

BTC to $50M, ETH to $1.5M 😦

EMJ Capital founder, Eric Jackson, predicts we’ll get there by 2041.

He argues that Bitcoin will replace the global gold and sovereign debt markets as the preeminent collateral layer.

While Ethereum will become the essential transactional execution layer that all AI agents rely on.

🎙️ Listen to the full Milk Road AI episode here.

STRIPE JUST BET BIG ON STABLECOINS

Stablecoins are arguably the biggest use case in crypto right now.

But let’s be real, using them on-chain is still way too complex.

That’s exactly the problem Bridge is solving.

Recently acquired by Stripe (yep, that Stripe).

Bridge helps businesses send, store, accept, and launch their own stablecoins instantly.

Here are the three facts about Bridge:

Users can seamlessly transition between fiat and stablecoins
Businesses can launch a custom stablecoin in as little as one day
All Bridge-built stablecoins are interoperable with one another

Stablecoins are going global, Bridge is powering that shift.

👉 Learn how Bridge is powering stablecoin-backed money movement.

HOT TAKES OF THE WEEK (P2) 🔥

We’re actually 90% of the way through a bear market 🐻

According to Bitcoin Magazine’s Matt Crosby, measuring BTC in USD is losing its importance, and measuring it against gold reveals we are actually 90% of the way through a bear market.

In gold-denominated terms, Bitcoin peaked a year ago in December 2024 and has been in a structural downtrend for ~350 days.

(Suggesting a major trend reversal is imminent.)

🎙️ Listen to the full Milk Road Daily episode here.

The four-year crypto cycle didn’t die 👨⚕️

Nevin Freeman, founder of Reserve Protocol, believes the 4-year cycle is still alive and well.

He argues that for assets like BTC, price action is driven by a "self-referential speculative process", which has (and continues to) run on a 4yr cycle.

Suggesting 2026 is going to be a rough year for BTC, in his eyes.

🎙️ Listen to the full Milk Road Daily episode here.

PRO INSIGHT OF THE WEEK 🔮

ICYMI: The team behind Aave Labs rushed a Christmas vote on the issue of Aave asset(s) ownership without community coordination.

Which rattled some cages, ‘cause it appeared as if the Labs team was trying to rush a conclusion to the issue before the DAO could coordinate.

(And the whole point of a DAO system is to let everyone have a say, not just the team building the tech.)

… so how worried should we be? Here’s Kyle’s take (Head Of Research at Milk Road PRO):

“These kind of things happen all the time in great companies (look at OpenAI last year - or Apple with Steve Jobs).

I’m a dip buyer here for sure. Aave is a great protocol, with a great team and big liquidity and partnerships/integrations.

The community / labs team can fight all they want - obv it sucks that it’s happening to one of the best in our industry (another thing to be embarrassed of in crypto).

But ultimately, AAVE will be fine and will be stronger from this.”

(*lifts finger from panic button*)

P.S. Want direct access to our PRO analyst team, so you can get your burning questions answered in real-time and make the right moves?

👉 Go PRO to unlock access!