Bitcoin hasn’t seen such ‘asymmetric risk-reward’ since COVID: Analyst
A Bitwise researcher suggests Bitcoin offers an asymmetric risk-reward similar to the COVID-19 crash, as it is currently pricing in a recession.Summary
André Dragosch, Bitwise Europe's head of research, stated that Bitcoin currently presents an asymmetric risk-reward scenario comparable to March 2020 during the COVID-19 pandemic. He argues that Bitcoin is already pricing in a significant bearish global growth outlook, similar to conditions seen in 2022 marked by quantitative tightening and the FTX collapse. Dragosch believes that global growth is poised to accelerate due to preceding monetary stimulus, potentially supporting growth into 2026. Despite Bitcoin's recent 17.33% drop over 30 days following an all-time high in October, and its failure to hold the $100,000 level, Dragosch sees a favorable setup. Other market participants share optimism, with some anticipating a strong rally based on historical patterns, and Tom Lee predicting a reclaim of $100,000 by year-end.
(Source：Cointelegraph)