Bitcoin’s recent drop in price is getting people talking again. Some market watchers believe this could be the start of a longer downturn, while others say it’s just a rough patch and not the end of the story.
One of the more cautious voices comes from Bloomberg strategist Mike McGlone. He believes Bitcoin and other risky assets may still have a long way to fall. McGlone compared today’s market environment to the lead-up to the 2008 financial crisis. In his view, assets like Bitcoin, silver, and copper are priced too high and are now entering a “clean-up” phase where excess gets washed out.
McGlone warned that Bitcoin could see much deeper losses ahead. He also expects silver prices to fall sharply. According to him, risky investments will stay under pressure as long as stock market volatility remains low. He summed it up by saying this is a year where safer assets, like U.S. Treasury bonds, may outperform everything else.
Not everyone agrees with that outlook.
Dave Weisberger, CEO of CoinRoutes, sees Bitcoin’s recent weakness differently. He described the pullback as a slow, emotional shakeout rather than a true collapse. Despite the price drop, he said Bitcoin’s core strength remains solid. Weisberger pointed out that Bitcoin trades in a nonstop, open market that is far more transparent than traditional assets like silver. He even compared silver’s price action to that of altcoins, saying it can move in strange and inefficient ways.
Weisberger also highlighted the importance of future regulation. He said that if the Federal Reserve ever accepts Bitcoin as clean collateral, it could completely change Bitcoin’s role in the financial system. In that case, Bitcoin wouldn’t just be an investment anymore—it could become a core part of global finance.
Another perspective comes from macro analyst James Lavish. He focused on bigger economic forces shaping the market. Lavish talked about how artificial intelligence is boosting productivity, which puts pressure on prices to fall. At the same time, governments loaded with debt actually need inflation to survive. This creates a serious imbalance.
Lavish believes markets are nervous about whether the United States can refinance its growing debt without much higher interest rates. In his view, Bitcoin reacts to this stress early. He called Bitcoin the “tip of the risk spear,” meaning it often moves first when liquidity starts drying up. According to Lavish, Bitcoin’s weakness could be a warning sign that tighter financial conditions are coming.
These very different opinions show just how divided the crypto world still is. Some see Bitcoin’s drop as a normal correction before the next move higher. Others believe it could be the early stages of another long and painful crypto winter. For now, the debate continues, and the market is still searching for direction.
