30s Summary

Bitcoin may see a 30% dip before breaking the $100,000 milestone, according to Bitget Research’s Ryan Lee. Despite a recent drop due to slowed U.S. Bitcoin ETF investments, many expect the cryptocurrency to hit this target soon, revealing a growing trust in decentralized finance. Major financial maneuvers such as MicroStrategy’s $2.6 billion note sale and increased ETF buying could push Bitcoin to new highs by 2025.

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There’s talk of Bitcoin possibly experiencing a dip of about 30% while it’s working to smash the $100,000 ceiling for the first time. At the moment, it’s fallen more than 7% from its highest ever price just below $100,000, reached on November 22, according to Cointelegraph.

Now, don’t be alarmed. This kind of thing happens and most people who know their stuff reckon reaching $100,000 is pretty much inevitable. Some, however, believe we’ll see a bigger pullback before hitting that golden target.

Ryan Lee, the main guy focusing on Bitcoin at Bitget Research, thinks Bitcoin might dip as much as 30% before shooting back up again. Now, this isn’t written in stone, but if it did happen, Bitcoin’s price could drop below $70,000.

But, any set back Bitcoin might face is viewed as temporary, as a majority believe that surpassing the $100,000 mark is right around the corner. This, according to author and blockchain expert, Anndy Lian, shows the growing trust in decentralized finance and the ongoing quest for financial freedom.

Unfortunately, there’s been a slump in Bitcoin’s price due to slower investments in U.S. spot Bitcoin exchange-traded funds (ETFs). But once investment into ETFs picks up again, Bitcoin prices should also start to rise.

Bitfinex analysts reckon there might be a price drop of up to 20%, but big money moves like MicroStrategy’s latest $2.6 billion note sale and increased ETF buying will be key in pushing the price to new all-time highs by 2025. So, hang on tight because it might be a bumpy ride!