Bitwise predicted greater decline of bitcoin in the near future

In the coming weeks, the value of Bitcoin may decrease due to a change in investor sentiment regarding risks. This was stated by André Dragosh, head of Bitwise's research department in Europe, in an interview with the CoinDesk portal.

According to the infographic from the CoinGecko platform, on December 20, the cryptocurrency's exchange rate fell to 92,805 dollars, and as of December 23, it has recovered to 96,000 dollars, losing more than 8% of its value over the week. Against this backdrop, investor interest has shifted towards traditional "safe-haven assets," particularly 10-year U.S. government bonds. Dragosh emphasized that the attitude toward risky investments like cryptocurrencies has become more cautious and will remain so in the near future.

The expert noted that financial conditions continue to worsen despite three consecutive rate cuts since September. Meanwhile, real consumer price inflation figures have again accelerated to new highs in recent months

Dragosh warned that Bitcoin faces even more pain in the coming weeks.

Despite this forecast, Bitwise specialists previously stated that 200,000 dollars would be the target price for Bitcoin in 2025.