Analyst: Bitcoin may fall to the $50000 range as Trump policies intensify market pressure

According to BlockBeats, on April 1st, Quinn Thompson, founder of crypto hedge fund Lekker Capital, said, "I can foresee that Bitcoin may return to a price of over $50000 by the end of this year. I don't think this will happen soon, which is why this is very painful and shocking for people, because the current market conditions are not as volatile, there are no large-scale liquidations and crashes Thompson has always been pessimistic about Bitcoin's ability to reach higher prices, and has repeatedly referred to the White House's cryptocurrency related announcements - whether it be sovereign wealth funds, strategic Bitcoin reserves, or anything in between - as "hollow events" and "news selling" activities. He also believes that Strategy (MSTR)'s continuous purchases of Bitcoin may not necessarily be positive for cryptocurrencies, as these seem to be the only major buying opportunities. Thompson's core viewpoint is that the various policies of the Trump administration may have adverse effects on the economy in the next six to nine months. Thompson stated that given the adverse impact of headwinds on risk assets such as the US stock market and Bitcoin, the cryptocurrency industry is unlikely to perform well this year. He also mentioned that the White House does not seem overly concerned about a possible economic recession, which in itself is a strong signal. After taking office, US Treasury Secretary Scott Bessent said, 'We need to adjust our course.' Adjusting our course means cutting off the momentum that supports these crazy asset prices. The direct result of their policies being effective is a decline in the US stock market, "Thompson said. （CoinDesk）