HomeCoinsBitcoinBitcoin Investors Aren’t “Remotely Optimistic Enough” – Bitwise Researcher

Bitcoin Investors Aren’t “Remotely Optimistic Enough” – Bitwise Researcher

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Bitcoin's price performance in the ultimate quarter of 2025 has been a serious cause for concern for the crypto crowd – and rightly so. At some point in the previous couple of weeks, it looked just like the leading cryptocurrency would end the yr deep within the red.

Over the past week, Bitcoin price showed signs of a healthy recovery after reclaiming the important thing support level of $90,000. According to a crypto expert, the market leader may very well be doing higher than the charts currently suggest.

What has BTC already priced in?

In a Nov. 28 post on social media platform Question that Bitcoin investors continually face.

According to the macro analyst, the flagship cryptocurrency is pricing in essentially the most pessimistic global growth outlook since 2022 (marked by Federal Reserve tightening and FTX collapse) and 2020 (throughout the peak of the Covid-19 pandemic).

Dragosch revealed that he was capable of use numerous leading macro surveys to find out the extent of world growth expectations that Bitcoin is already pricing in. “Bitcoin is basically pricing in a recessionary growth environment,” the Bitwise researcher wrote.

Dragosch added:

Personally, I are inclined to be a macro opponent as Bitcoin can each underperform and outperform the prevailing macroeconomic outlook. The pricing of an asset is basically macroeconomic sentiment. In my opinion, this can be where a lot of the alpha is generated.

As noted, the last time macroeconomic expectations were this pessimistic was in 2020 and 2022 – when Bitcoin underperformed the macroeconomic outlook before staging a powerful comeback. Dragosch believes that a repeat of this scenario is currently underway.

Source: @Andre_Dragosch on X

Bitwise's European head of research then noted that “global growth expectations will pick up from here, based on the extent of previous monetary stimulus, suggesting renewed acceleration well into 2026.”

Dragosch mentioned that the last time this asymmetric risk-reward trade-off occurred was throughout the pandemic, when the value of Bitcoin rose six-fold by the tip of the yr after initially collapsing under the shock in March 2020. This macro setup might be in comparison with a “coil spring or ball underwater.”

According to the macro analyst, Bitcoin's current movement appears to be in the shape of a “coil spring” – meaning the value may very well be primed for a violent move after a period of compression. Dragosch then concluded his evaluation by stating that investors will not be nearly optimistic enough.

Bitcoin price at a look

As of this writing, the value of BTC is around $90,880, reflecting no notable movements within the last 24 hours.

Bitcoin

The price of BTC within the day by day time-frame | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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