Zach Burks, the big cheese over at Mintology, decided to spill the tea with crypto.news about the current market shenanigans.
In his little love letter to crypto.news, Burks let slip that gold is still the cool kid on the playground for the bigwig institutions, while Bitcoin (BTC) is the hip new toy for retail investors trying to avoid economic chaos.
Burks gave a nod to the gold price’s wild rollercoaster ride, blaming the institutional investors for being the main party poopers. He’s calling for a short-term gold rush to $3,500, followed by a big ol’ reality check after ‘Liberation Day.’
Burks is waving the red flag, warning of market volatility that’s about to go off the charts thanks to former President Donald Trump’s highly anticipated ‘Liberation Day’ shindig, describing it as a potential “atomic bomb” for the financial world.
“Trump’s ‘Liberation Day’ is going to be the financial equivalent of a nuclear explosion – and crypto is about to get its hair messed up,” Burks wrote.
Burks is forecasting a crypto nosedive, with Ethereum (ETH) potentially belly-flopping to $1,600 and Bitcoin taking a dive below $80,000 in a tantrum over retaliatory tariffs.
Crypto’s Emotional Rollercoaster
The crypto market was all smiles early in the week, high-fiving over Trump’s trade strategy clarity, with Bitcoin, Ethereum, and the altcoin gang all feeling the love.
But then, like a bad breakup, market sentiment took a nosedive as the ghost of reciprocal tariffs came back to haunt us, leading to a crypto and traditional market sob fest.
Burks, ever the optimist, sees a bright future for Bitcoin, with capital doing the hokey-pokey away from traditional financial systems.
“Crypto’s going to be just fine,” Burks wrote. “Bitcoin prices will soar like an eagle in the long term, as institutional investors dump their cash from the sinking US-led Titanic.”
With global instability feeling like a pre-WWII deja vu, Burks is predicting a major geopolitical game of musical chairs, shaking up trade, alliances, and financial markets.
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2025-04-02 17:45