PANews reported on April 5th that crypto analyst Miles Deutscher tweeted in support of Bitcoin, firmly believing that Bitcoin will set a new ATH between the third quarter of this year and the first quarter of 2026. He believes people are overlooking the bigger picture, and the final rebound will be stronger than ever before. The reasons are as follows:
- Trump's plan is causing short-term pain now as he tries to suppress the US dollar/yields (currently in the process of market digestion of a new baseline).
- In the medium term, tariffs will force domestic absorption of government bonds to offset reduced foreign purchases (BTC is extremely sensitive to global liquidity).
- The market may bottom out due to recession concerns (a scary word that markets hate uncertainty), but by the time it officially arrives, the market will already be focusing on the Federal Reserve's response.
- The Federal Reserve will eventually be forced to cut rates, paving the way for potential quantitative easing in 2026 (remember the market is forward-looking, and in my view, quantitative easing this year may not be as important as other liquidity measures - they have options: repo operations, BTFP, bond purchases, etc.).
- As for Altcoins, quality products may follow BTC's trajectory and find their bottom before recovery - low-quality projects will be eliminated.
- In a tight liquidity environment, market participants tend to consolidate around higher-quality assets (primarily BTC) and then lower their risk curve as confidence and liquidity improve.
- In the short term, anything can happen. Trying to predict anything within the 1-12 week range is extremely difficult and largely a foolish game.
Staying patient is not easy, but it is what is needed now. Individuals will increase their risk exposure in the coming weeks/months, as these overall conditions will be quite good from the first quarter of next year.
