Cryptocurrency expert Jason Pizzino is cautioning that those investing in Bitcoin (BTC) late in the current bull run may face disappointment.
Pizzino warned that latecomers might be hoping for another explosive surge in Bitcoin’s price, but this may not be realistic.
He explained that volatility typically peaks toward the end of a market cycle when new investors rush in to capitalize on gains they missed earlier. Bitcoin has already surged more than 500% since its lows in November 2022, and many are now hoping for another similar rally.
However, Pizzino believes that future returns may be much smaller compared to the rapid gains seen over the past two years. While he acknowledged that he could be wrong, he suggested that the returns from here on may not match the previous explosive growth.
Pizzino also warned that Bitcoin could experience a major correction if higher support levels continue to face resistance. He advised watching for signs of a weak top, which could lead to a significant pullback.
If that happens, he suggested that the market might consolidate before making another move higher, but only if the market has enough momentum to sustain further growth.
Economist and gold advocate Peter Schiff has renewed his criticism of the crypto market, but this time, his focus isn’t just Bitcoin—it’s the growing trend of companies whose business models revolve entirely around holding the digital asset.
BitMEX co-founder Arthur Hayes believes Bitcoin could hit the $1 million mark within the next three years—and it all comes down to economic policy and political cycles.
In a regional first, Bahrain’s Al Abraaj Restaurants Group has become the Middle East’s first publicly traded company to allocate part of its corporate treasury to Bitcoin.
Bitcoin is edging closer to new highs, and signs across the board suggest it may not be long before it smashes through its previous record.