Crash or new chapter: what awaits Bitcoin in the near future?

Recent events in the cryptocurrency market have once again brought to light the unpredictability of Bitcoin. The rise to a record $108,364 was followed by a rapid fall to $92,118 in just three days. This decline coincided with political tensions in the United States, where budget disputes threaten to paralyze the government. However, enthusiasts continue to hope for the emergence of the so-called "God Candle" - a sharp jump in price that can eclipse all previous movements on the chart.

Economic and political upheavals traditionally affect markets, but the cryptocurrency sector is especially susceptible to sharp fluctuations. Unlike traditional indices such as the S&P 500, which have shown moderate growth during similar crises, cryptocurrencies often behave erratically.

Former Bitmex CEO Arthur Hayes made a peculiar prediction, expecting a significant "drop" in prices on the crypto market closer to the next inauguration of Donald Trump. In his opinion, this may be due to disappointment in the short term. In turn, the famous financier Martin Shkreli expressed skepticism about the future of Bitcoin, suggesting that the cryptocurrency may be in a state of prolonged instability. His opinion also concerns the actions of key players, such as Michael Saylor of Microstrategy, whom he sees in a risky position due to the possible liquidation of assets.

However, this story has another side. Optimists believe that Trump's return to the White House can give new impetus to Bitcoin. Possible actions by the administration in support of cryptocurrencies, such as the creation of strategic reserves or the adoption of digital asset-friendly laws, can provoke a serious increase in the market. Some analysts are confident that the current decline is only a temporary phenomenon, anticipating a new stage of the bull cycle.

A scenario in which the US economy stabilizes by 2025 and Bitcoin gets an additional boost through political support does not seem unlikely. This could lead to the creation of a second wave of price growth that will go down in cryptocurrency history.