Founder of Lekker Capital: BTC may fall to the range of 50,000 USD by the end of the year, Trump's policies could exacerbate economic resistance
Odaily Planet Daily reports that Quinn Thompson, founder and crypto hedge fund manager of Lekker Capital, said in an interview with 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 roughly 50% pullback from its previous high point over $109,000.
He pointed out that policies from the Trump administration could have a negative impact on the US economy in the next 6 to 9 months. Risk assets such as stocks and cryptocurrencies may be under pressure as a result. He described current policies like "controlled burning", intended to clear risks but also having potential to evolve into a "forest fire". Thompson believes it's hard for the crypto market to perform well under current macroeconomic conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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