Bitwise executive: People are underestimating Bitcoin BTC will rise sharply

Author: Jesse Coghlan, CoinTelegraph; Translated by: Deng Tong, Golden Finance

According to two Bitwise executives, Bitcoin is a "generational opportunity" at a time when the Trump administration threatens to reform global trade and economic indicators suggest central banks may inject cash into the market.

"The world is indeed on the brink of the greatest chaos," Jeff Park, director of alpha strategy at Bitwise Asset Management said in a February 16 X post.

Park noted that the House Republican budget plans to raise the debt ceiling by $4 trillion on February 12, aiming to increase government spending, along with a growing trend of deglobalization, especially the threat of reciprocity tariffs that Donald Trump has recently escalated.

Park also noted what he called the “maximum delay” in the market, pointing to “the tail risk of gold outperforming the market,” Republicans’ “unprecedented tax cuts” of up to $4.5 trillion, and the yield curve control he believes is about to be implemented (YCC) – The central bank uses long-term interest rates as a target to stimulate borrowing and investment.

Fed Chairman Jerome Powell poured cold water on the possibility of further rate cuts this year — on February 11, he told the Senate Banking Committee that the U.S. economy “stays strong” and that the U.S. “does not need to rush to adjust” interest rates.

" People are seriously underestimating the huge leap that Bitcoin has entered the mainstream this year. Never have it been so optimistic."

“BTC IV percentiles are the lowest in the year, you can’t see this generation opportunity, so we’re different,” Park added, referring to Bitcoin’s implied volatility percentiles – the past The percentage of days in which volatility is below the current level during the year.

According to Deribit, Bitcoin’s volatility index is currently 50.90, below its annual high of 71.28 and its IV percentile is 12.3.

According to CoinGecko data, Bitcoin has fallen more than 1.5% in the past 24 hours and is trading just above $96,000.

So far this year, Bitcoin has been trading between $90,000 and $100,000, but peaked at $108,786 during Trump's inauguration late last month.

Market sentiment tracking the cryptocurrency fear and greed index was 51 points on February 17 (total score of 100 points), indicating that the market is in a "neutral" state. Market sentiment improved compared to last week's "fear" level, but was lower than the more positive market sentiment level last month.