Andy Edstrom
Resolved (3)
- ✓
Bitcoin is currently in a bear market and remains in one; bear markets are about both price and time, and not enough time has passed yet.
“I'm still of the mind that it is a bear market. Bear markets are about both price and time. So we've had quite a bit of pain on price.”
"Still a bear market" call validated: BTC fell from $67,467 to $58,161 (~-14%) with weakness since 2026-02-17.
- ◐
Andy Edstrom believes Bitcoin price is sniffing out coming monetary expansion and will rise as central banks resort to more stimulus and money printing.
“my sense is that Bitcoin price is sniffing out what's coming. Yeah. Which is more cowbell, more stimulus, more printing”
"Will rise on stimulus": BTC rose to $126,296 (+22%) from $103,545 but then reversed to $58,161 (~-44% below entry) — mixed/net negative.
- ✓
Bitcoin is still in a bull market and there are likely further price gains to come.
“it seems like we're still in a bull market. That's my expectation, despite the fact that price has kind of gone nowhere for six or seven months or so. And yeah, I'm still quite bullish for Bitcoin in the long term. I'm bullish in the medium term... there are likely gains to come in the price of Bitcoin.”
"Still a bull market, gains to come": BTC rose from $63,339 to a high of $126,296 (~+99%) after the call.
Open (3)
- ⏳
Bitcoin price target of $400K by 2029, unchanged from his 2019 'Why Buy Bitcoin' 10-year target.
“And haven't changed the target. 400 by 2029 seems totally reasonable.”
Not reached yet (high $82,814 since 2026-02-17); 2029-12-31 horizon not passed as of 2026-07-01.
- ⏳
Andy Edstrom reaffirms his ~2019 price target of $400K per Bitcoin (8 trillion network value) within a 10-year window ending around 2029.
“the 10-year price target was 8 trillion of network value, which would be about 400K per coin...And how's it gone? Well, that was six years ago and it's gone 10X, right? And which leaves another 5X for the next four years. I still kind of like that price target.”
Not reached yet (high $97,964 since 2025-12-10); 2029-12-31 horizon not passed as of 2026-07-01.
- ⏳
Bitcoin will decouple from risk assets and become a safe haven within roughly a decade, at which point risk-off events will actually push Bitcoin's price up.
“Will there be a decoupling? And when risk off happens in traditional financial markets, you actually see Bitcoin increase in value. I truly believe that will be the case. I could be wrong. And I don't know the time period of which it'll happen. But 10 years seems like a good, you know, sort of timeframe for me.”
Safe-haven decoupling "within ~10 years": deadline 2031 is still open.