Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. 
If the buying pace sustains, BTC’s next stop could be $142,000.

Price predictions 10/6: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

BlackRock’s iShares Bitcoin Trust is close to hitting $100 billion in assets 
under management but is already the asset manager’s most profitable exchange- 
traded fund. The iShares Bitcoin Trust, trading under the ticker IBIT, 
launched in January 2024. According to Bloomberg…

BlackRock’s spot Bitcoin ETF nears $100b, is firm’s most profitable ETF

HBAR price has formed at least two highly bullish patterns, pointing to an 
eventual rebound despite deteriorating metrics in the decentralized finance 
industry. Hedera (HBAR) was trading at $0.2286 on Monday, up from this month’s 
low of $0.2060. It remains…

HBAR price pattern points a surge despite deteriorating network growth

The shutdown entered its sixth day on Monday, with the SEC, CFTC and other 
agencies operating with restrictions and limited staff.

What to expect as the US government shutdown enters week two

SwissBorg founding partner Alex Fazel believes the market is entering a multi- 
year, structurally different bull phase that could deliver “generational 
wealth,” laying out what he called an “alt season bible” for 2025–2026 in a 
wide-ranging interview with Altcoin Daily. Speaking in a probabilistic 
framework, Fazel argued that the confluence of a strengthening business cycle, 
easier monetary policy, and twin technology booms in crypto/Web3 and 
artificial intelligence creates the same kind of tailwinds that powered the 
post-dot-com “recovery cycle” in equities. “I really want to prove to everyone 
that this is the biggest cycle and the biggest chance for everyone to generate 
generational wealth,” he said, adding that his views are expressed in 
probabilities rather than certainties. The 2025–26 Crypto Altcoin Cycle Will 
Be Historic Fazel’s market structure thesis centers on a familiar rotation: 
Bitcoin leading, followed by Ethereum and the top-cap cohort, and then a 
broader dispersion into mid- and small-caps as Bitcoin dominance rolls over. 
He insisted that the current advance lacks the hallmark “euphoria stage”—a 
late-cycle condition he considers statistically common and, therefore, still 
ahead. “It is extremely rare… to have a bull cycle without euphoria,” he said, 
noting that sizable drawdowns will punctuate the trend without invalidating 
it. “We won’t see a long bear market anymore… We’re going to see a very 
extended bull run but with really big corrections along the way.” Related 
Reading: 2%–4% In Crypto? Morgan Stanley Thinks That’s The Smart Move Now To 
gauge cycle magnitude, Fazel prefers total crypto market capitalization over 
date-calling. He mapped prior expansions—roughly 45x from 2014 to 2017 and 
~27x into 2021—into a conservative inference that a 2x–3x from the last 
cycle’s ~$3 trillion top would imply a $6–$9 trillion total capitalization 
before this run is exhausted. That—along with a still-missing euphoria 
phase—forms one of his primary exit heuristics. “Rather than just thinking 
about how long, look at how high,” he said. On sector leadership, Fazel’s team 
compiled a year-over-year basket (September 2024 to early September 2025) of 
tokens that outperformed Bitcoin on sustained timeframes to filter out “pump- 
and-dump noise.” The list he highlighted was dominated by DeFi and exchange- 
adjacent assets: Virtuals (AI-agent) with a 20x,Hyperliquid’s HYPE 7x, Sui and 
its DeepBook DEX as strong performers, Curve and Ethena Labs 2.5x–3x, 
SwissBorg’s BORG ~2.5x, and Raydium. His conclusion was blunt: “DeFi is the 
best sector to invest in,” with exchange tokens repeatedly among the most 
resilient leaders since 2018 due to clear product-market fit in speculation 
and fee generation. Fazel stitched those returns to an explicit capital-flows 
mechanism: buybacks. He showed a positive correlation, in his view, between 
top token performers and sustained buyback programs, and drew a parallel to 
equities where many of the cycle’s strongest stocks—including AI 
bellwethers—have announced large, continuing repurchases. He cautioned, 
however, that buybacks can be overwhelmed by emissions. “If you have $20 
million buying the token, but an airdrop is emitting $53 million, do the 
math,” he said, citing this dynamic to explain why some well-known tokens 
underperformed despite revenue. What Else To Look For On Altcoins From there, 
he proposed a simple four-quadrant framework for token “pumpamentals”: clear 
utility that investors perceive as valuable; loyalty via locking; strong, 
sustainable, and scalable buybacks; and burns or other mechanisms that reduce 
float. Layer-1s, he argued, typically tick only the first two boxes and still 
rely on inflationary issuance for staking yields. By contrast, exchange tokens 
and some DeFi assets can check all four—particularly if fee-linked buybacks 
are hard-wired, ongoing, and diversified across product lines. Fazel also 
outlined an increasingly prominent buyer cohort of digital asset treasuries 
(DATs)—public companies that raise in fiat and accumulate crypto for their 
balance sheets—observing that this structure can “pump the stock and the 
token.” He pointed to high-profile examples in Bitcoin and Ethereum, stressing 
that balance-sheet accumulation simultaneously adds buy pressure and removes 
sell pressure. More broadly, he framed today’s market as a “supercycle” moment 
because retail, institutions, and corporate treasuries are now converging on 
crypto exposure—initially in BTC and ETH, but progressively further out the 
risk curve as confidence grows. Related Reading: 70% Decline In Corporate 
Crypto Treasury Buying: What’s Going On? Much of Fazel’s playbook is 
operational at SwissBorg itself. He disclosed that the company, founded in 
2017 and now at “300+ employees” and “$2.4 billion” in assets under 
management, has shifted to a 50% revenue-to-buyback policy for its BORG token 
and intentionally delisted from centralized exchanges to “control supply” and 
concentrate liquidity and volume in-app. Fazel repeatedly returned to risk 
management, urging investors to think in probabilities and to be willing to 
“divorce” underperforming tokens that lack real revenues or sound token 
economics. He also addressed dilution fears sparked by the proliferation of 
new tokens, contending that almost none reach meaningful size. “Out of all 
these coins… 0.00001% have a market cap above $1 million,” he said, arguing 
that the sheer number of microcap launches should not preclude an altseason in 
larger, revenue-generating names. His timeline remains conditional, but his 
conviction in the structure is clear. He expects Bitcoin could suffer 30%–40% 
pullbacks without derailing a longer advance, believes the equity backdrop is 
still “AI-led” rather than in a blow-off, and contends crypto adoption curves 
move faster than Web2 because they build atop the existing internet. As for a 
headline Bitcoin target, he demurred on specifics, but hinted the ceiling is 
higher than casual forecasts imply. “Almost $200k for Bitcoin seems too 
small,” he said at one point, before pivoting back to total-market metrics and 
the presence—or not—of broad-based euphoria. At press time, the total crypto 
market cap stood at $4.2 trillion. Featured image created with DALL.E, chart 
from TradingView.com

Cryptocurrency price in HUF