Despite a sharp 23% drop from its all-time high of $109,000 in January, Bitcoin remains a top-performing asset, outpacing stocks, bonds, real estate, and gold.
Crypto analyst Thomas Fahrer noted that even after the correction, Bitcoin is still outperforming every other asset since Trump’s administration took office. Bloomberg data also confirms that Bitcoin remains dominant among major financial markets post-election.
While fears of a bear market, global trade tensions, and U.S. debt concerns have contributed to the dip, experts believe this is just a natural correction in an ongoing bull run. Nansen analyst Aurelie Barthere attributes the pullback to $76,000 to broader market pricing, calling it a temporary adjustment rather than a long-term decline.
Bitcoin ETFs are still seeing strong inflows, with $274 million recorded on March 17—the highest since early February. These institutional investments have been a major driving force behind Bitcoin’s 2024 rally, accounting for 75% of new capital.
Bitget CEO Gracy Chen remains bullish, stating that Bitcoin is unlikely to fall below $70,000 and calling the current range of $73,000 to $78,000 an “ideal entry point.” She even predicts Bitcoin could skyrocket to $200,000 within the next two years, while other industry forecasts estimate a price range of $160,000 to $180,000 by 2025.
Despite short-term volatility, Bitcoin’s resilience and institutional backing suggest that the long-term trajectory remains firmly bullish.
