Bitcoin News

Story: Bitcoin Recent Drop Feels Like 2017—Experts Predict What’s Next

By Dan Saada

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Abra CEO: “This Pullback Feels Just Like 2017”. Bill Barhydt, CEO of Abra, took to social media to highlight Bitcoin’s historical tendency for…

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Cathie Wood: A “Deflationary Boom” Is Possible. Echoing Barhydt’s sentiment, Cathie Wood, CEO of ARK Invest, believes that many investors are…

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Caution From Charles Edwards: Watch the S&P 500 and Credit Spreads. Not everyone is convinced that the worst is over. Charles Edwards, founder of Capriole…

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Where Is Bitcoin Headed Next?. Bitcoin’s volatile price movements have left traders divided.

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Bitcoin’s recent market downturn has sent shockwaves through the crypto community, dropping to a low of $76,589 before rebounding above $80,000.

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With investors questioning whether this dip is a temporary setback or the start of a prolonged decline, high-profile industry experts are drawing parallels to past market…

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“Y’all never change. Bitcoin is now experiencing its 11th 25%+ correction in ten years, and every time, everyone reacts like the sky is falling,” Barhydt wrote on X.

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He pointed to rising fiat liquidity as a key factor behind Bitcoin’s price action, stating that similar monetary conditions fueled asset prices in 2017.

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“China is in a deep recession and needs lower U.S. rates to support its own money-printing regime.

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Echoing Barhydt’s sentiment, Cathie Wood, CEO of ARK Invest, believes that many investors are underestimating the impact of the final stage of a rolling recession.

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“The market today is discounting the last leg of a rolling recession, which will give the Trump administration and the Powell Fed many more degrees of freedom than investors…

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She predicts that the U.S. economy could enter a deflationary boom later this year, which could set the stage for Bitcoin’s next major rally.

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Not everyone is convinced that the worst is over. Charles Edwards, founder of Capriole Investments, is urging caution, pointing to weakness in the S&P 500 and widening credit…

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“The S&P 500 is crashing. Is this a dip opportunity or the start of something bigger?” he questioned.

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Edwards warned that a shift in institutional money from risk assets to treasuries could signal further trouble ahead for Bitcoin.

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