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. πŸš€β„οΈ
  • The White House will keep squeezing until the market yells “uncle” or the midterms get cozy. πŸ˜©πŸ—³οΈ
  • 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. πŸ˜±πŸ’”

β€œThink five figures, not six, by year-end,” Thompson predicts. A 50% haircut? Ouch. πŸ’‡β€β™‚οΈπŸ’Έ

β€œIt’s not a crash, it’s a slow, painful descent. Like watching a snail race,” Thompson laments. πŸŒπŸ“‰

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

The Economy’s Unfortunate Quadruple Whammy

Thompson’s thesis? Trump’s policies = economic headwinds for the next nine months. 🌬️🚫

Government spending cuts = fewer jobs. Thanks, D.O.G.E. πŸ•πŸ’Ό

Immigration crackdown = labour market woes. Good luck finding cheap help. πŸ›‘οΈπŸ’Ό

Tariffs = business uncertainty. Will they or won’t they? πŸ€”πŸ›’οΈ

The Fed’s not in a rush to save the day. Inflation’s a buzzkill. 🏦πŸ”₯

When’s the Crypto Bottom?

With stocks and crypto feeling the pinch, expect a rocky year. πŸ“‰πŸŽ’

Trump’s not sweating a recession. That’s your cue to worry. πŸ˜°πŸ“‰

Trump’s on a mission until his base says “enough!” Or until midterms, whichever comes first. πŸ—³οΈπŸ›‘

β€œIt’s a controlled burn, but watch out for forest fires,” Thompson warns. πŸ”₯🌲

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2025-03-31 22:28