Crypto Collapse: Bitcoin’s Bumpy Ride Below $60K Predicted

Quick Tips for the Perplexed:

  • Trump’s deficit-slaying plans? Not so hot for crypto, says Lekker Capital’s Quinn Thompson. ๐Ÿš€โ„๏ธ
  • The White House will keep squeezing until the market yells “uncle” or the midterms get cozy. ๐Ÿ˜ฉ๐Ÿ—ณ๏ธ
  • The worst part? It’s like watching paint dry, but with your wallet.

Bitcoin‘s slide may be just warming up. Crypto could be in for a 2022-style beatdown. ๐Ÿ˜ฑ๐Ÿ’”

โ€œThink five figures, not six, by year-end,โ€ Thompson predicts. A 50% haircut? Ouch. ๐Ÿ’‡โ€โ™‚๏ธ๐Ÿ’ธ

โ€œIt’s not a crash, it’s a slow, painful descent. Like watching a snail race,โ€ Thompson laments. ๐ŸŒ๐Ÿ“‰

Thompson’s been bearish for a while, calling White House crypto news “nothingburgers.” ๐Ÿ”๐Ÿ”‡

The Economy’s Unfortunate Quadruple Whammy

Thompson’s thesis? Trump’s policies = economic headwinds for the next nine months. ๐ŸŒฌ๏ธ๐Ÿšซ

Government spending cuts = fewer jobs. Thanks, D.O.G.E. ๐Ÿ•๐Ÿ’ผ

Immigration crackdown = labour market woes. Good luck finding cheap help. ๐Ÿ›ก๏ธ๐Ÿ’ผ

Tariffs = business uncertainty. Will they or won’t they? ๐Ÿค”๐Ÿ›ข๏ธ

The Fed’s not in a rush to save the day. Inflation’s a buzzkill. ๐Ÿฆ๐Ÿ”ฅ

When’s the Crypto Bottom?

With stocks and crypto feeling the pinch, expect a rocky year. ๐Ÿ“‰๐ŸŽข

Trump’s not sweating a recession. That’s your cue to worry. ๐Ÿ˜ฐ๐Ÿ“‰

Trump’s on a mission until his base says “enough!” Or until midterms, whichever comes first. ๐Ÿ—ณ๏ธ๐Ÿ›‘

โ€œIt’s a controlled burn, but watch out for forest fires,โ€ Thompson warns. ๐Ÿ”ฅ๐ŸŒฒ

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2025-03-31 22:28