Bitcoin News
By Dan Saada
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Historical Drawdowns as a Warning. In past cycles, Bitcoin has seen steep declines after reaching all-time highs. The data shows:
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From $250K to $75K?. Some of Bitcoin’s most vocal supporters, including BitMEX co-founder Arthur Hayes, believe the…
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Where Bitcoin Stands Now. At press time, Bitcoin trades at $117,010, up 3.41% in the past month, according to CoinMarketCap.
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Euphoria and Risk of Market Tops. Cowen cautioned investors not to underestimate how quickly a cycle peak can form.
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Ethereum’s Potential to Outperform. While Cowen is cautious about Bitcoin’s long-term trajectory, he remains optimistic about…
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Differing Views From Industry Leaders. Other industry figures have voiced contrasting views on Bitcoin’s outlook.
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The Bigger Picture. Even if Bitcoin does experience a 70% drawdown in the next bear market, long-term believers argue…
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Conclusion. Bitcoin remains one of the most closely watched assets in global markets.
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Bitcoin is trading close to $117,000, yet analysts are divided over what comes next for the world’s largest cryptocurrency.
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Benjamin Cowen, founder of Into The Cryptoverse, recently said that Bitcoin could face a drawdown of up to 70% in the next bear market.
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2011–2012 bear market: Bitcoin fell 94% from its peak.
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2013–2015 bear market: A drawdown of around 87%.
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2017–2018 bear market: Bitcoin dropped roughly 77%.
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If a similar pattern unfolds, Bitcoin’s next downturn could be severe. “Does it have to happen?
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Some of Bitcoin’s most vocal supporters, including BitMEX co-founder Arthur Hayes, believe the cryptocurrency could rally to $250,000 before the end of 2025.
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