Lekker Capital founder: BTC may fall to $50,000 by the end of the year, Trump's policies may increase economic resistance
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Planet Daily News: Lekker Capital founder and crypto hedge fund manager Quinn Thompson told CoinDesk that he expects Bitcoin to fall back to the $50,000 range (50,000-59,999 USD) by the end of this year, a decline of about 50% from its previous high of over $109,000. He pointed out that Trump administration policies may negatively impact the US economy in the next 6 to 9 months, potentially putting pressure on risky assets like stocks and cryptocurrencies. He described the current policies as a "controlled burn" aimed at clearing risks, but with the possibility of evolving into a "forest fire". Thompson believes that the crypto market is unlikely to perform well under the current macroeconomic environment. (CoinDesk)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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