Well, well, well. Here we are again, folks, watching Bitcoin act like the moody teenager of the financial world. One minute, it’s on top of the world, and the next, it’s crying in a corner over a bad breakup with the stock market. According to some rather cautious analysts, a drop might be on the horizon before Bitcoin picks itself up and dusts off for another shot at glory. Apparently, all this drama isn’t without precedent, so let’s dive into the rabbit hole, shall we?
Christopher Bendiksen, a guy who probably has a PhD in “Crypto Nostradamus-ing,” compares Bitcoin’s current behavior to its big plunge during the 2020 COVID-19 disaster. Remember that? The time when everything—including your favorite coffee shop—was going down faster than a lead balloon? Back then, Bitcoin lost more than half its value before miraculously recovering, thanks to governments flooding the economy with cash. Sound familiar? Apparently, we’re heading down the same road. Woo-hoo, more fun to look forward to!
Bendiksen points out that Bitcoin’s price tends to follow the global M2 money supply by about three months. So, according to his complex formula, Bitcoin could dip even further—maybe even lower than $60,000—before we see a much-anticipated rebound. Which, let’s be honest, is probably going to be as dramatic as any good soap opera.
Of course, Bitcoin isn’t just reacting to the global economy for no reason. It’s like that one friend who throws a tantrum over the smallest thing. When the economy sneezes, Bitcoin catches a cold—super dramatic and over-the-top. But
Looking ahead, Bendiksen’s crystal ball is still a bit murky. He believes that if the Federal Reserve decides to loosen up the purse strings and someone like, say, Donald Trump, takes charge with some expansionary policies, Bitcoin could blast off into the stratosphere once again. But—there’s always a “but” in these stories—if those conditions don’t materialize, we might be in for a long, drawn-out crypto winter. Brrrr. And who knows how much lower Bitcoin could go before the whole thing levels out? But hey, that’s crypto for you. Never a dull moment!
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2025-04-09 16:31