Bitcoin prices have been revised to 23% from the highest ever high of over $109,000, recorded on January 20th, President Donald Trump’s inauguration day. Despite this decline, Bitcoin is superior to other global assets such as stocks, the US Treasury, real estate and precious metals. Bitcoin continues to be a leader in major post-election market segments despite recent declines, according to Bloomberg data shared by Apollo SATS co-founder Thomas Fahrer. Even with pullbacks, Farrer said on March 18 that Bitcoin still outweighs all other assets since the Trump administration took over.
Recent market corrections come amid concerns about potential bear markets and global trade uncertainties, as well as the period of US debt suspension. However, some analysts, including Aurelie Barthere of Nansen Crypto Intelligence Platform, have argued that the current setback to $76,000 is part of a larger revision within the ongoing bull market. Barthere added that markets are priced tariff uncertainty and potential for fiscal cuts, increasing fear of a recession.
Bitcoin’s market activity also includes a notable rise in the inflow of Bitcoin Exchange Trading Funds (ETFs). On March 17, US Bitcoin ETF recorded a net inflow of $274 million, marking its highest investment day since February 4, when Bitcoin was trading above $98,652. The ETF was extremely important at Bitcoin’s 2024 rally, accounting for around 75% of the new investments that helped push Bitcoin beyond the $50,000 mark on February 15th.
Bitget CEO Gracy Chen has expressed confidence in Bitcoin’s future price trajectory, saying that despite its volatility he does not expect Bitcoin to fall below $70,000. According to her, this could be an ideal entry point for potential buyers. Chen believes Bitcoin could reach $200,000 in the next year or two. Industry leaders also predict that by 2025 Bitcoin could reach the $160,000-$180,000 range.
Despite the challenges and continued revisions, Bitcoin’s resilience exceeds traditional assets and its potential for recovery is evidence of its continued relevance in financial markets. While some may expect more volatility in the short term, the long-term outlook remains optimistic as institutional interest continues to grow.