Bitwise Head Predicts the World is on ‘Brink of max chaos- A Chance for Bitcoin’s Comeback?

Bitwise alpha head Jeff Park reads macro signals and signposts optimistic signs for Bitcoin amidst the brink of max chaos. How much growth is anticipated?  

Bitwise has some no-nonsense news breaking in. The crypto mag posts that Bitcoin (96,475.83), up by 0.24% today, is still a “generational opportunity.” Meanwhile, the theatrical moves sprawling in from the White House can further unsettle things in the crypto market.  

Jeff Park, the head of Asset Management for the mag commented- “Max chaos is about to break out in the crypto world.”   

Park draws attention to the republican budget plan, released on 12th Feb. The plan has some serious highlights that can affect the crypto community big time. The budget intends to enhance the spending debt limit by 4 trillion.  

It will surely boost spending and help Trump to take charge of global trade. The bottom line- the budget is going to help Trump’s eccentric periodical tariff policy.  

Hopeful Streak for Bitcoin  

Since the 12th of Feb, BTC IV has further lowered. It is the lowest now. Meanwhile, Park and others see a generational opportunity amidst the fall. If you are thinking what’s he implying, you need to take a look at Bitcoin’s Volatility Index, which is flagging at 50.90 now.  

It is down from its annual height by 20 points. And the crypto community couldn’t be happier. Meanwhile, Park also points out that BTC’s IV percentile is static at 12.3.  

More Insights from Bitcoin’s Recent Price Volatility  

Bitcoin has constantly traded between $90,000 and $100,00 for the last 2 months. However, the coin reached a staggering high of $108,786 last month. Coin analysts now think that this price point has not shrunk Bitcoin’s market sentiment.  

Rather, the Fear and Greed Index data suggests that the level of fear has dropped. The next two months will be vital for deciding the fate of Bitcoin.  

Traders have to wait and observe whether Bitcoin comes up to become the mammoth that Park has been talking about.  

But for that to happen, the coin has to trade above $97,000 for the next two weeks. Meanwhile, more whales like MicroStrategy have to keep investing in Bitcoin.