My dear, if you’re 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. 🍸✨
“Euphoria? Darling, we’re hardly at the champagne-popping stage of this cycle,” Alden quipped during a recent episode of the What Bitcoin Did podcast. “So, no, no major capitulation on the horizon. How utterly tedious for the doomsayers!”
She then, with a wave of her metaphorical fan, dismissed the four-year cycle theory. “Nonsense! This cycle is driven by broader macro trends and interest in the asset itself. It’s not a clockwork orange, my dear.” 🍊⏰
Bitwise’s Matt Hougan, ever the optimist, chimed in, “A good few years, darlings! No need to sell the family silver just yet.”
Alden: “Outcomes? Oh, they’re never as dramatic as one hopes or fears.”
But, of course, there’s 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. ☔
Alden, ever the voice of reason, added, “Markets, my dear, rarely deliver the extremes we imagine. It’s all rather middling, really.”
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! 🎭
Traders, ever the optimists, were expecting year-end fireworks, with Arthur Hayes of BitMEX calling for $250,000. How utterly ambitious! 🌠
Alden: “A bull market? Darling, no one is owed such a thing!”
Bitcoin’s recent plunge has traders in a tizzy, but Alden has a stern word: “Stop acting like a bull market is your birthright, darlings. No one is owed such a thing.”
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. ⏳
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2025-11-23 08:21