Oh, come on, let’s not forget the last time someone said Bitcoin would hit $200K. Cue dramatic music But here we are, with Ryan Rasmussen from Bitwise doing the crypto equivalent of a “trust me, I know what I’m talking about” face. 🤷♀️
Is The Bottom In For Bitcoin? 🤔
According to Rasmussen, we’re “closer to the bottom than we’ve been for weeks.” Because nothing says “market stability” like a 50% drop. He’s calling the current sell-off a “maturing-market shakeout,” which sounds like a fancy way of saying “everyone’s panicking, but it’s totally normal.” 😂
When asked if Bitcoin ETFs are a double-edged sword, Rasmussen nodded like a confused owl. “More liquidity, more chaos,” he said, as if that makes sense. “Institutionalization is great… but also, why is everything so volatile?!”
He’s all about the long-term, though. “The buyers today are more long-term than ever!” he declared, while ignoring the fact that “long-term” might mean “until the next crash.” 🕵️♂️
Meanwhile, corporate treasuries are taking a break from buying Bitcoin. “They’re just… not as excited anymore,” Rasmussen sighed. Because nothing says “confidence” like a sudden drop in demand. 💸
Bitcoin Still Set for $200,000 By 2026 🚀
“Lower prices are a gift and a curse,” Rasmussen said, as if that’s a real thing. “But we believe Bitcoin will end the year higher!” Sure, because nothing says “optimism” like a 50% drop. 🤯
He’s convinced institutions are finally “here,” but also “not deploying all their capital yet.” So it’s like a slow burn, but with more jargon. “Harvard is buying Bitcoin now!” he added, as if that’s proof of anything. 🎓
On macro stuff, he admitted Bitcoin now reacts to central bank decisions. “Who knew?” he said, while everyone else was busy screaming into the void. 🤡
And yes, he’s sticking to his $200K target for 2026. “It’s safe to say it won’t happen this year,” he said, “but 2026? Absolutely!” Because who doesn’t want to bet on a 2026 miracle? 🕊️
At press time, BTC was at $91,205. Because nothing says “confidence” like a 50% drop. 📉
Read More
- Gold Rate Forecast
- BTC Plummets: Fed Cuts Ignored in Crypto’s Absurdist Farce! 🤡💸
- 📉DOW DOES THE FLAMINGO: 200-Point Faceplant on Red-Hot PPI Flambé!
- When Bitcoin Takes a Tumble, Who’s Laughing Now? 🤷♀️
- Ripple Swoops in on Bitcoin’s Heels: 2030 Gold Rush
- US Bill Proposes 21st-Century Privateers to Take on Cybercrime – Seriously
- BitMEX’s Great Crypto Pruning: 48 Contracts to Bite the Dust 🌡️🔥
- XRP’s Little Dip: Oh, the Drama! 🎭
- Get Ready for Ether’s Dramatic Ascent-More Than Just a Craving for Fame! 🚀💥
- Bullish Stock Soars 218% – Wall Street Finally Gets It (Or Is This a Joke?) 🐄💸
2025-11-21 08:18