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BitcoinSistemi 2024-12-23 10:37:07

A New Warning Came From the Expert Who Correctly Predicted Bitcoin Will Exceed $100,000! Here Are the Details

Bitcoin (BTC) could face further downward pressure in the coming weeks, presenting a potential “dip buying” opportunity for long-term investors, according to Andre Dragosch, European Director and Head of Research at Bitwise Asset Management. Bitcoin Faces More Turbulence After Biggest Weekly Drop Since August, Experts Warn Bitcoin, the world’s largest cryptocurrency by market value, fell 8.8% last week to around $95,000, marking its steepest decline since August, amid hawkish signals from the Federal Reserve. The Fed’s statement, which included fewer rate cuts planned for 2025 and a reaffirmation of the ban on BTC holdings, contributed to a broad risk-off sentiment in the markets. Traditional financial assets were also affected, with the S&P 500 losing 2% while the dollar index rose 0.8% to its highest level since October 2022. Treasury yields rose sharply, with the 10-year note gaining 14 basis points, signaling higher borrowing costs and increasing the appeal of fixed-income investments over riskier assets such as cryptocurrencies. Dragosch, who is known for correctly predicting that BTC would rise above $100,000 in the summer, has become cautious, citing tightening financial conditions and a resurgence of inflationary pressures. “While further pain is likely in the short term, given Bitcoin’s supply shortages and ongoing structural tailwinds, this could represent an intriguing buying opportunity.” Despite the short-term negativity, Dragosch remains optimistic about Bitcoin's long-term prospects. BTC’s fixed supply cap and growing adoption as a store of value could position it as a strong hedge against monetary instability. *This is not investment advice. Continue Reading: A New Warning Came From the Expert Who Correctly Predicted Bitcoin Will Exceed $100,000! Here Are the Details