Bitcoin’s price is known for being volatile, and Holmes believes that’s just part of the game. He explained that Bitcoin’s price moves are much more dramatic than traditional assets like stocks. For example, it can rise or fall 15% quickly, while the stock market usually moves by just 3%. Holmes sees these sharp price changes as normal, and he believes recent price drops are just a healthy pause before Bitcoin moves up again.
In short, this is just a temporary break, and fear of $85K is stemming from the Fed’s rate cut. Once this is over the prices will soon touch $120K as expected by many, probably after Trump takes charge and creates a crypto-friendly environment as promised.
