Bitcoin Could Fall Below $60,000, Expert Warns

1 April 2025
|
13:30

Bitcoin’s recent decline may signal a prolonged downturn, with some experts predicting a slow descent reminiscent of the 2022 bear market.

Quinn Thompson, founder of Lekker Capital, believes Bitcoin could fall below $60,000 by the end of the year, signaling a painful grind for investors.

Thompson expects this decline to be gradual and less volatile than past crashes, making it more painful for investors to endure. “I don’t think it’s going to happen quickly,” he said, predicting a slow grind toward the $50,000-$59,999 range—nearly a 50% drop from its recent high of $109,000.

The hedge fund manager has been bearish for some time, dismissing recent bullish developments, including the U.S. Sovereign Wealth Fund and Strategic Bitcoin Reserve, as “empty talk.” He also downplays MicroStrategy’s Bitcoin purchases, calling them “one of the few consistent sources of demand in a weak market.”

At the heart of Thompson’s bearish view is his belief that Trump’s economic policies will present significant challenges over the next six to nine months. He lists government spending cuts, immigration restrictions, tariff uncertainty, and Federal Reserve policies as factors that will weigh on both Bitcoin and other risky assets.

Thompson also predicts that, while the Trump administration has committed to fiscal tightening, this could change if economic conditions worsen ahead of the 2026 midterm elections.

Author

Kosta Gushterov

Reporter at Coindoo

Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.