Gareth Soloway, an investor and trader, has indicated that he anticipates a significant downturn for Bitcoin (BTC) in the near future.
Soloway predicts that the cryptocurrency market may face a pullback ranging from 30% to 50%, potentially driving Bitcoin’s price down to around $75,000 by the first quarter of 2026.
The analyst further expressed skepticism about another substantial rally occurring in 2025. He referenced past instances where Bitcoin dropped below $20,000 in 2021 due to falling stock markets. However, he believes this upcoming decline will be less severe thanks to institutional investors’ involvement—especially major entities like BlackRock—in the market.
Despite his short-term outlook, Soloway is optimistic about the long-term viability of assets such as Bitcoin and gold as alternatives to traditional fiat currencies:
“Society is actively seeking substitutes for fiat currencies. At present, both Bitcoin and gold fulfill this requirement. As long as people continue to embrace them, Bitcoin will maintain its relevance moving forward.”
*This information should not be considered investment advice.