Matrixport shares the greatest risk to Bitcoin’s bull market in 2025
The post Matrixport shares the greatest risk to Bitcoin’s bull market in 2025 appeared on BitcoinEthereumNews.com.
Multiple risks to Bitcoin’s 2025 bull market have emerged, according to a new report from Matrixport. The report outlines threats ranging from BlackRock’s concerns about Bitcoin’s 21 million supply cap to Google’s advances in quantum computing. The warnings come as Bitcoin faces pressure on multiple fronts. Leading analysts, including Peter Brandt and Tone Vays, have identified technical patterns suggesting a potential drop to the $70,000-$73,000 range. These technical warnings align with Matrixport‘s broader analysis of macro risks, including changing Federal Reserve policy expectations and potential impacts from Trump’s upcoming presidency. BlackRock questions BTC supply and accompanying threats BlackRock had posed a question about the guarantee of Bitcoin’s 21 million supply cap. As one of the largest asset managers now involved in Bitcoin through ETFs, BlackRock’s statement carries weight in market discussions. Google’s announcement of its “Willow” quantum chip, featuring 105 qubits, has brought quantum computing threats back into focus. While current quantum technology cannot break Bitcoin’s cryptographic defenses, the pace of advancement raises questions about long-term security. The report notes that quantum computing remains in its early stages, lacking the scale needed to pose an immediate threat to Bitcoin’s security model. The Federal Reserve’s updated inflation outlook adds another layer of uncertainty. According to Matrixport, the Fed members have raised their inflation expectations, citing concerns about Trump’s potential tariff policies rather than traditional economic factors like supply bottlenecks or growth rates. Matrixport’s inflation model indicates these concerns may be overstated, potentially allowing the Fed to maintain an accommodative policy through 2025. During Trump’s first term, similar tariffs had little impact on inflation. This suggests that the Fed’s current projections might not match economic realities. Technical analysis points to deeper correction Three prominent analysts have identified $95,000 as a critical price level for Bitcoin. Tone Vays warns that trading below this…
Filed under: News - @ December 27, 2024 11:24 am