Speaking on CNBC’s Power Lunch, Lang said he expects the leading cryptocurrency to push toward higher levels before the year ends, citing renewed investor enthusiasm across both digital assets and crypto‑related equities.
According to Lang, the recent surge in Bitcoin has reignited interest in the broader crypto sector. He pointed to Coinbase as a key beneficiary, describing it as one of the most direct ways for stock investors to gain exposure to the market’s momentum. “When Bitcoin moves, Coinbase tends to follow,” he noted, adding that traders have increasingly turned to the stock as a proxy for crypto’s strength.
Over the past several months, Bitcoin’s price has climbed from roughly $112,000 to around $125,000, marking fresh all‑time highs and reinforcing confidence among long‑term holders. Lang believes that if this trajectory continues, crypto‑linked equities like Coinbase could see a substantial upside.
Despite his bullish tone, Lang emphasized the importance of risk management. He explained that during strong rallies, he prefers to secure partial profits or adjust positions by moving call options higher – a strategy designed to protect gains while remaining exposed to potential upside.
At the time of writing, Bitcoin is consolidating near $121,000, maintaining strong technical support amid growing institutional demand and favorable market sentiment.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.