Is Bitcoin preparing for a new historical leap?

Arab Sea Newspaper - Special

Digital asset markets are experiencing a state of high anticipation, amid a conflict between global economic concerns and expectations of a recovery in high-risk assets, led by Bitcoin, which some experts believe is currently undergoing a re-evaluation that may soon change its course. Researcher Andre Dragush of digital asset management firm Bitwise points out that Bitcoin may be on the cusp of one of the strongest economic environments in years, although its current price does not reflect this potential scenario. Dragush wrote in a recent analysis: "The last time we saw such a gap between risk and return was during the COVID-19 crisis." Dragush believes that the current situation is reminiscent of March 2020, when Bitcoin collapsed from $8,000 to less than $5,000 before embarking on a long upward wave. He confirms that the current market bears similar indicators, which may pave the way for a new launch if the catalysts are available. Tom Lee, head of Bit Mining, believes that the currency will exceed the $100,000 barrier before the end of 2025. In the same vein, investor Raoul Pal likened Bitcoin and Ethereum to the "Google 2017" phase, when the company was changing the world even though it had not yet reached its peak. Pal pointed out that Bitcoin is still in the early stages of widespread adoption, driven by the accelerating network effect, with increasing participation from institutions and individual investors in the market.