10x Research sees bitcoin dipping to $70K before recovering to $90K by year-end
- —Bitcoin needs a roughly 14% gain from about $79,000 to reach $90,000
- —U.S. debt is approaching $40 trillion, with about $8 trillion parked in money market funds
- —Bitcoin's annualized volatility has fallen from 60–80% to around 30%
- —Thielen expects BTC to outperform ETH
Why it matters: The call ties bitcoin to U.S. fiscal risk: if investors sour on Treasuries, demand for scarce assets like BTC could rise.
Source: Blockmedia