Bitcoin (BTC) is losing value due to the reallocation of capital in favor of U.S. Treasuries. This point of view was expressed by Max Kaiser, who previously repeatedly predicted the cryptocurrency’s rise to $100,000.
He now adheres to a more moderate scenario and does not rule out that in case of a new activation of sellers, BTC may fall to $25,000 or even below this mark.
The macroeconomic environment is still not in bitcoin’s favor. Investors prefer to go into government bonds, whose yields have risen to their highest level since 2008.