Bitcoin Presents A ‘Generational Opportunity’ As Global Turmoil Intensifies, Says Bitwise Executive

Bitcoin is currently seen as a “generational opportunity” by Jeff Park, Head of Alpha Strategies at Bitwise, amidst escalating global macroeconomic turmoil. Factors such as trade tariffs, US debt ceiling concerns, and the trend towards deglobalization are contributing to economic uncertainty. Despite this, Bitcoin has shown resilience with a price range between $90,000 and $100,000, while gold has seen significant price volatility.

Bitcoin’s implied volatility percentile is at its lowest level of the year, indicating a unique opportunity according to Park. Bitwise CEO Hunter Horsley also believes that Bitcoin will make significant strides into the mainstream this year. The altcoin market, however, has struggled as Bitcoin dominance has increased, but there is optimism for a potential Ethereum-led altseason later in the year.

Analysts suggest that Ethereum is positioned for a major upward move in 2025, drawing parallels to Bitcoin’s past behavior. Ethereum may be on the verge of its “most hated rally,” as Bitcoin continues to trade around $95,362. The cryptocurrency market remains dynamic amidst global economic uncertainties.