My dear, if youâre clutching your pearls over a Bitcoin crash, Lyn Alden, the macroeconomist with a wit sharper than a gin and tonic, says you might just be jumping the gun. đ¸â¨
âEuphoria? Darling, weâre hardly at the champagne-popping stage of this cycle,â Alden quipped during a recent episode of the What Bitcoin Did podcast. âSo, no, no major capitulation on the horizon. How utterly tedious for the doomsayers!â
She then, with a wave of her metaphorical fan, dismissed the four-year cycle theory. âNonsense! This cycle is driven by broader macro trends and interest in the asset itself. Itâs not a clockwork orange, my dear.â đâ°
Bitwiseâs Matt Hougan, ever the optimist, chimed in, âA good few years, darlings! No need to sell the family silver just yet.â
Alden: âOutcomes? Oh, theyâre never as dramatic as one hopes or fears.â
But, of course, thereâs always a debbie downer in the room. Vineet Budki, CEO of Sigma Capital, predicts a 65% to 70% Bitcoin retracement in the next two years. How utterly dreary. â
Alden, ever the voice of reason, added, âMarkets, my dear, rarely deliver the extremes we imagine. Itâs all rather middling, really.â
Bitcoin, after its October high of $125,100, has been on a bit of a slide, dropping to $80,700 before a slight recovery to $85,710. Oh, the drama! đ
Traders, ever the optimists, were expecting year-end fireworks, with Arthur Hayes of BitMEX calling for $250,000. How utterly ambitious! đ
Alden: âA bull market? Darling, no one is owed such a thing!â
Bitcoinâs recent plunge has traders in a tizzy, but Alden has a stern word: âStop acting like a bull market is your birthright, darlings. No one is owed such a thing.â
She predicts Bitcoin will reclaim $100,000 by 2026, with new highs either that year or, if we must wait, in 2027. Patience, my dears, patience. âł
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2025-11-23 08:21