BITMINE CEO: Bitcoin could fall 50% despite ETF boom

BitMine CEO Tom Lee expressed concern about a further 50% decline in the price of Bitcoin, despite growing interest from institutional investors and the launch of spot ETFs. According to him, Bitcoin's volatility remains pathological, and previous market trends indicate the possibility of significant declines. Lee noted that the stock market often suffers from a 25% decline, which may hint at an even greater decline in cryptocurrency.

Source — Incrypted

Lee believes that Bitcoin has already gone beyond the traditional four-year cycle and predicts a possible rise to $250,000 by the end of the year. His position is supported by Arthur Hayes, co-founder of BitMEX, who believes that a price of $200,000 is possible. At the same time, even if Lee's prediction comes true, a 50% correction could bring the price of Bitcoin down to around $125,000.

Previous market declines, such as the 2021 crash, when Bitcoin fell from $69,000 to $34,000 in just three months, confirm that such dynamics are not uncommon. Experts remind us of the importance of caution in the cryptocurrency market, despite the surge of interest in new investment instruments.