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Ran Neuner, founder of Crypto Banter, joins Jeremy Szafron to expose what he calls a “dangerous leverage loop” driving Bitcoin’s rally to $118,000. He warns that public companies like Bitmine and Sharplink are using debt to buy crypto, watching their stock prices spike, and then raising more capital - creating a feedback loop that mimics real demand, but could collapse if sentiment shifts. Neuner calls this “synthetic leverage” and predicts it will “blow up the cycle” if left unchecked. His Bitcoin price forecast for this cycle: $165,000. In this Kitco News interview, Neuner explains why Bitcoin dominance above 62% isn’t bullish-it’s a red flag. He says retail investors are walking into a late-stage, high-risk phase of the crypto cycle. With Ethereum holding firm and altcoins collapsing, Neuner says the structure of this rally is fragile, built more on reflex than conviction. Neuner also discusses the macro environment, warning that the market is underpricing a potential shift from the Fed, and that one unexpected tightening event could break the entire crypto rally. Key topics: -Why Neuner says the crypto rally is “synthetic,” not organic -The role of public companies and debt-fueled Bitcoin buying -Bitcoin dominance crosses 62%—why that’s not bullish -Retail exposure and the high-risk phase of the cycle -Neuner’s $165K Bitcoin price forecast -Macro risks and the Fed’s next move Follow Jeremy Szafron on Twitter: @JeremySzafron ( / jeremyszafron ) Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow ) Follow Ran Neuner on Twitter: @cryptomanran ( / cryptomanran ) 00:00 Introduction a 00:05 Synthetic Leverage in Crypto 01:10 Understanding Market Cycles and Leverage 04:13 Michael Saylor's Bitcoin Strategy 06:45 Emerging Trends and Risks 14:39 Bitcoin's Current Structure and Future Projections 18:17 Altcoin Market Dynamics 20:56 Investment Strategies and Market Risks 29:07 Conclusion #Bitcoin #Crypto #RanNeuner #BTC #Ethereum #Altcoins #Fed #Macro #Debt #KitcoNews __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: / kitconews Facebook: / kitconews LinkedIn: / kitconews Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.