Pav Hundal, lead analyst at Brisbane-based crypto exchange Swyftx, believes Q4 is still on track to be a bullish period for crypto despite the political turmoil in the US and the ongoing government shutdown.
Speaking on the latest episode of the Tapping Into Crypto podcast on Thursday, Hundal said that despite the turbulence in the US, the macroeconomic conditions — particularly US growth and inflation numbers — still look good for an uptrend in crypto markets.
The key things I’m watching in the market are growth, inflation as well as liquidity…When we do see inflation tick up like we are starting to slowly see now, it’s not going to show up in the major economic models until maybe a year down the track, but in the short term it’s a great signal for assets like Bitcoin.
Pav Hundal, Swyftx lead analyst Last week the US released higher than expected growth figures for Q2 of 2025. Hundal commented that “they’re blowing expectations out of the water in terms of growth.”
“So it seems to me the base case is that we’re going to go higher, before maybe potentially, eventually the bubble pops,” he said.
Asked where he thinks Bitcoin’s price might get to by the end of the year, Hundal replied, “I’ve got no idea…if you had a gun to my head, US$150,000.” That’s AU$226k.
Related: Prediction That Bitcoin Could Hit A$2 Million By 2035 “Pretty Conservative”, Says Swyftx Analyst
Tapping Into Crypto co-host Ted Coaldrake said tokens associated with decentralised perpetual futures exchanges had led the market in the past week or so: in particular, MYX Finance (MYX) and the Binance-backed Aster (ASTER).
These projects are similar to Hyperliquid, which has seen enormous growth in the past few months. Coaldrake said booming decentralised perp tokens add momentum to a potentially emerging market narrative — similar to the narrative we saw several years ago with the emergence of decentralised exchanges like Uniswap.
“I think the narrative is playing out,” he said. “They’re [MYX and ASTER] basically challenging Hyperliquid (HYPE). HYPE is one of the top coins, I think it’s ranked about 10 or 11, it gained the most [decentralised perpetual exchange] market share but these guys are slowly eating into that.”
Coaldrake suggested that even if you have no interest in using these kinds of platforms, it may be worth getting exposure to ride the upside of the narrative.
I think even if you don’t care to use these exchanges…you can look at it as an opportunity to jump on the narrative — that is, these exchanges becoming so popular and gaining more usage.
Ted Coaldrake, Swyftx With a potentially bullish period ahead, Coaldrake and Hundal also tackled some of the fundamental crypto questions, hopefully arming investors with the knowledge they’ll need to survive a bullrun family barbecue.
The first issue they covered was the difference between a coin, a token, and a crypto ETF.
Despite often being used interchangeably, there is in fact a technical difference between a coin and a token. As Coaldrake explained, a coin is a “native cryptocurrency of a blockchain,” an example of such a coin would be Ether, the native crypto on the Ethereum network or SOL, the native coin on the Solana network.
By contrast, a token is a cryptocurrency used by a decentralised application built on top of a blockchain — an example would be the AAVE token used by the decentralised lending protocol Aave, which is built on Ethereum.
A crypto ETF is a whole different kettle of fish, as Coaldrake explained:
“The difference with that [an ETF] is you’re not holding the cryptocurrency directly, you’re typically investing in a stock or a fund which holds the cryptocurrency,” Coaldrake explained. Hundal added, “yeh you’re paying someone to basically look after it for you.”
Related: XRP & DOGE ETFs Smash Debut Records Amid Ripple-led Tokenised Funds Roll-Out
Coaldrake also noted holding crypto in ETFs often comes with higher fees and significantly limits any utility the cryptocurrency may usually have as you can’t actually use it while it’s being held by the fund manager.
To learn more about some of the fundamentals covered, including what makes cryptocurrency prices rise and fall and what’s the difference between a memecoin and Bitcoin, you can watch the episode in full on YouTube.
The post Crypto 101, Market Movers & a $150K Bitcoin Call on Tapping Into Crypto appeared first on Crypto News Australia.
