Bitcoin unlikely to replicate January’s surge to new high: 21Shares founder
21Shares founder Ophelia Snyder believes Bitcoin is unlikely to repeat January's price surge due to current market conditions and sentiment.Summary
21Shares co-founder Ophelia Snyder suggests that replicating Bitcoin’s January 2025 price gains in 2026 is improbable, citing unresolved volatility factors and broader market sentiment. January typically sees renewed investment into Bitcoin ETFs as investors rebalance portfolios, but current low market sentiment casts doubt on a repeat performance. While Bitcoin reached a peak of $109,000 in January 2025 and $125,100 in October 2025, it has since experienced a downtrend following a $19 billion market liquidation. Snyder views the recent correction as a response to general risk aversion rather than crypto-specific issues, remaining optimistic long-term. Potential catalysts for future growth include ETF expansion, government adoption, and demand for alternative stores of value, while risks include broader market downturns and gold's continued strength. Despite Snyder’s cautious outlook, other industry figures, like BitMine chair Tom Lee, predict a new high before January 2026, noting Bitcoin’s historical average January return of 3.81%.
(Source：Cointelegraph)