Experts remain bullish on Bitcoin despite recent market panic.
Over the past few days, Bitcoin has tanked nearly 29% from its all-time high of about $109,600 to trade as low as the $78,300 level amid market uncertainty driven by geopolitical tension, among other bearish factors. While this price action has sparked market-wide panic and growing bear market speculation, industry leaders appear to be more bullish than ever.
“The Best Time Ever to Buy Bitcoin”
Bitwise CIO Matt Hougan has argued that recent market conditions may be creating the single best time to buy Bitcoin.
“Adjusted for risk, this is the best time in history to buy bitcoin,” the analyst wrote on Thursday, February 27.
I'd add: Adjusted for risk, this is the best time in history to buy bitcoin. https://t.co/3sKeRkNRwN
— Matt Hougan (@Matt_Hougan) February 27, 2025
Hougan expressed this in response to an X post from Variant CLO Jake Chervinsky, which asserted, “This is the moment of greatest opportunity for crypto,” citing favorable regulations, better technology, a growing push for decentralization, and traditional finance interest.
Meanwhile, Hougan is not the only leading analyst to sound bullish on the asset amid the recent market dip.
Bitcoin to $500K under Trump?
Speaking with CNBC International on Thursday, February 27, Standard Chartered’s Head of Digital Asset Research, Geoffrey Kendrick, asserted that he still expects Bitcoin to surge to $200,000 in 2025 and $500,000 before President Donald Trump leaves office.
According to Kendrick, the catalyst for this move will be regulatory clarity in the U.S. and increased institutionalization of the space, which will bring a sense of stability and safety.
In the short term, however, Kendrick continues to insist that the Bitcoin rout is not yet over. In a Friday note to investors, the analyst cautioned that he expects the crypto market sell-off to continue into the weekend, as markets anticipate the implementation of Trump tariffs on Canada, China, and Mexico on March 4.
Specifically, Kendrick anticipates that Bitcoin will experience a weekend slump similar to that of August 4 or November 6, where the asset dropped about 5%, citing the $69,000 to $76,500 price range as an attractive entry point.
At the time of writing, the asset has pared some of its losses to trade just above $80,000.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
