In 2026, the price of the first cryptocurrency may drop to $40,000. This forecast was shared by macro analyst Lukas Gromen in the Risk Reversal podcast. https://www.youtube.com/watch?v=8JpdcULDolE
Earlier, he considered bitcoin a key asset for protection against the devaluation of fiat currencies. Now, the expert believes that gold and certain sectors of the stock market have become more effective tools.
'Essentially, only gold and the dollar will benefit, while everything else will be left aside,' he noted.
Three factors forced a reassessment of the flagship of the crypto market:
Bitcoin was unable to update its highs relative to gold.
The coin has broken key levels of moving averages.
Concerns are growing in the community regarding the threat posed by quantum computers.
According to Gromen, all of this has significantly worsened the risk-reward ratio in the short term. During the interview, he repeatedly emphasized the need to reduce positions in the first cryptocurrency.
Criticism
The community found Gromen's arguments superficial. An expert under the nickname Sina BI Report stated that none of the macroanalyst's arguments in favor of the bearish position 'can be called well thought out.'
