TLDR

Adam Kobeissi foresees Bitcoin at $200,000 in 24 months driven by unique macroeconomic conditions.
The divergence at the Federal Reserve and tech spending create a stagflation scenario favorable for hard assets.
The wealth gap widens: an excellent outlook for asset owners, but a sense of recession for the rest of the economy.

The market could be entering its best investment phase for digital assets and tangible goods, at least according to a warning recently issued by a prominent Wall Street analyst.

The founder of The Kobeissi Letter, Adam Kobeissi, stated in a conversation with Anthony Pompliano that the unusual convergence of interest rate cuts within a stagflationary environment, coupled with unprecedented corporate spending, is creating the ideal conditions for massive nominal asset appreciation.

Kobeissi’s bullish thesis rests on compelling mathematics: the “Magnificent Seven” of the tech sectors are currently injecting more than $600 billion annually in capital expenditures (CapEx). According to the analyst, the mantra is “own assets or get left behind.”

In this context, his projection for the crypto market is particularly aggressive, estimating that Bitcoin could reach $200,000 in the next 12 to 24 months. For Kobeissi, current volatility is irrelevant compared to the macro trend, consolidating BTC as an undisputed protagonist in this best investment phase for digital assets.

Stagflation and the Federal Reserve Divide

The engine behind this forecast is the internal fracture at the Federal Reserve, the most significant during Jerome Powell’s tenure. Officials are divided between fighting persistent inflation exceeding 3% or supporting a weakening labor market with unemployment hovering around 5%.

This uncertainty, aggravated by the lack of official data due to the recent government shutdown, has complicated the roadmap for rate cuts, fostering a stagflation scenario that historically benefits safe-haven and risk assets alike.

Kobeissi emphasizes a raw economic duality: while the S&P 100 has risen almost 40% since April, a large part of the population perceives a recession. This wealth gap confirms his theory that, while we are facing the best investment phase for digital assets and stocks for those who already own capital, the real economy faces severe pressures.

He concludes that, in this cycle, protecting wealth through hard assets like Bitcoin, gold, and real estate is not just an option, but a financial necessity in the face of monetary devaluation and fiscal stimulus.

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Filed under: News - @ November 12, 2025 7:27 pm