As reported by Cointribune, André Dragosch, head of research at Bitwise Europe, compares the current Bitcoin market environment to the March 2020 crash caused by the pandemic. He argues that the market overestimates global economic risks, creating a rare asymmetric opportunity. Several negative factors, including the Fed's tightening cycle and the FTX collapse, are already priced in. Dragosch suggests that the delayed effects of post-COVID monetary policies could support growth until 2026. However, this view is not universally shared, with some traders expecting a potential rebound after a 30-day 17% drop in Bitcoin's price.
Bitwise Analyst Compares Bitcoin's Risk-Reward to 2020 Pandemic Crash
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