Bitcoin (BTC) and crypto prices are ready for top in the second half of 2025 in the middle of the American economic growth potential, according to a top analyst from Coinbase.
David Duong, the worldwide research head of the Exchange, says in a new one Monthly prospects That the “Specter of Recession has decreased.”
“A few months ago we wrote that crypto performance would be low in 1H25 and make new highlights in 2h25. We still believe that this will be the case, despite the recent bouncing for Bitcoin prices at the end of May, that is, the management that there can be more upside down in the next 3-6 months.
In our opinion, the peak of the macro disruption is now caused by the tariffsaga behind us. Looking ahead, the risk sentiment must broadly benefit from the spindle of the US government to a more market-friendly policy with a new legislative tax package that is probably completed against the late summer. “
Duong, however, warns that the spending account of the US government could worry the return curve of the American treasury in the 10-30-year area. The analyst notes that shortage issues have already caused the US 30y bond yields to reach 5.15% in May, the highest level in two decades.
“That could sharpen the financial circumstances more than expected, increase the loan costs for companies and consumers and possibly undermine the growth that is needed to justify our market optimism. If the long -term yields rise too quickly, we think that this could cause volatility in shares and credit markets to keep in particular to the most of the traps of the traps of the traps of the trouble.”
Duong argues that such a scenario could serve as a blessing for the prospects of store-or value assets such as gold and bitcoin over Altcoins.
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