- The chop has been relentless.
- Four different experts have three different cases for where it goes next.
It’s barely two months ago that Bitcoin crossed $100,000.
The environment has shifted rapidly. Markets and traders — once euphoric about crypto policy and regulation under Donald Trump’s administration — are now suffering from Trump tariff whiplash.
The crypto markets have declined over 20% since the beginning of the year, according to CoinGecko.
Crypto, however, has experienced good news over the same period, including the SEC dropping lawsuits against companies including Kraken, Ripple and Coinbase, while Crypto Task Force hearings starting up in earnest.
Throughout, the price of Bitcoin has been stymied. Where will it go from here?
Let’s see what the experts are saying.
Arthur Hayes, CIO of Maelstrom
Hayes predicts that crypto prices will rise.
That’s due, Hayes argued, in large part to Federal Reserve Chair Jerome Powell.
“In short, the Fed will eschew independence,” wrote Hayes, “and do what is necessary to finance the government at affordable rates once the total amount of debt gets too large.”
Hayes calls for a rapid rise in Bitcoin’s price through the end of the year, if his analysis of the Fed is correct.
If, indeed, the Fed pivots from shrinking its asset holdings to accelerating bond purchases, then Bitcoin will “begin the ascent to $250,000 by year-end.”
“Even if US stocks continue falling in reaction to tariffs, a collapse in earnings expectations, and or foreigner demand waning, I am confident that the odds favour Bitcoin continuing to climb higher.”
Quinn Thompson, CIO at Lekker Capital
Thompson predicts Bitcoin will reach levels not seen since summer 2024.
“I could see us going back to a five handle by the end of the year,” said Thompson, alluding to prices between $50,000-59,999, he told Coindesk
“I don’t think it happens quickly, which is why it would be very painful and shocking to people because nothing about the current market conditions is very volatile, with big liquidations and crashes.”
He added on X last week: “Has there been a single headline this weekend that’s positive for risk assets?”
London Crypto Club
“We remain of the view that we are witnessing a slowing, not collapsing US economy,” wrote David Brickell, head of international distribution at FRNT Financial, and former forex trader Chris Mills.
While that may be the case, Bitcoin remains a bullish long-term play, according to the pair of analysts in their newsletter, the “London Crypto Club.”
“In the short term, headline risk remains and augurs for caution,” they wrote. “Yet the bigger picture, longer term thematics and macro cycle continues to remain bullish for Bitcoin. These are the pull backs where we like to add to longer term positions.”
Andrew Flanagan is a markets correspondent for DL News. Have a tip? Reach out to aflanagan@dlnews.com.