In the context of an impending financial crisis, Bitcoin is gradually asserting its position not only as a technological asset but also as an important financial hedge. According to Markus Thielen, director of research at 10x Research, Bitcoin is becoming one of the main defensive tools alongside gold to cope with financial instability in the United States.
Bitcoin and the Great Transformation
In recent weeks, the price of Bitcoin has surged to a new record high, reaching $121,000 on Monday. This is not the result of typical hype but rather a sign of a deeper change in the perception of this currency. According to Thielen, Bitcoin has escaped its role as a pioneering technology and transformed into a macro asset, a powerful 'hedge' against financial instability in the United States.
“In the past, people only talked about the technological potential of blockchain and Bitcoin's applications. But now, no one is interested in these issues anymore. Bitcoin has become a macro financial tool, a shield against budget deficits and reckless spending,” Thielen shared.
In fact, the budget deficit in the United States is becoming increasingly severe. The 'One Big Beautiful Bill Act' (OBBBA) by President Donald Trump, passed in July, has raised the US public debt ceiling by an unprecedented $5 trillion, a historic increase in US financial history. Thielen points out that instead of reducing the deficit by $2 trillion as initially planned, this bill could increase it by an additional $2.3 trillion to $5 trillion over the next 10 years, creating a gap of up to $7 trillion compared to previous forecasts.
In the context of ongoing deficit spending with no signs of stopping and monetary policy trending towards easing through interest rate cuts, Bitcoin is gradually becoming the 'ultimate beneficiary' in the US financial system. Thielen asserts that the current price surge is not just a simple recovery of the cryptocurrency market, but a direct response to the rapid weakening of the national financial system.
“Along with gold, Bitcoin is now becoming an important defensive tool, a powerful shield against the increasingly severe financial crisis,” Thielen emphasized.
The Future of Bitcoin: $140,000 – $160,000
The extraordinary growth of Bitcoin is not only due to the internal strength of the cryptocurrency market but is also strongly driven by significant external factors. One upcoming event that could be a major catalyst for Bitcoin's next price surge is Cryptocurrency Week in Washington D.C., where US lawmakers are expected to debate and pass several key bills that will significantly impact the crypto market.
Among the notable bills are the CLARITY Act, which aims to establish a clear and strict legal framework to oversee the activities of the cryptocurrency market. The GENIUS Act, aimed at creating a legal framework for stablecoins, and the State Oversight Against CBDC (Central Bank Digital Currency) Act, aimed at preventing the overly strong development of digital currencies issued by central banks, will be hot topics in this political debate.
In addition, the Federal Reserve (Fed) is expected to meet on July 30 and may decide to cut interest rates. However, the futures market shows a 93% chance that the Fed will keep interest rates unchanged, reflecting the instability in the US economy and increasing the appeal of defensive assets like Bitcoin.
Under the influence of these macro factors, experts at 10x Research have issued an optimistic forecast for Bitcoin, suggesting that this currency could reach a price range of $140,000 to $160,000 by 2025. This is not only a forecast of Bitcoin's potential value but also a confirmation that Bitcoin is gradually transforming into an important 'macro' asset in the context of global finance.
Eugene Cheung, the commercial director of OSL, stated that although the stock markets are negatively affected by geopolitical tensions and concerns about tariffs, the cryptocurrency market, particularly Bitcoin, continues to maintain resilience. He predicts that Bitcoin could reach a price of $130,000 to $150,000 by the end of this year, emphasizing that this currency is gradually becoming a powerful asset in the context of global instability.
Rachael Lucas, an analyst at BTC Markets, also agrees with this view and shares:
“Bitcoin surpassing the threshold of $120,000 is not only a significant milestone but also a signal that this digital asset is increasingly being included in the strategic investment portfolios of major institutions.”
This confirms that Bitcoin is gradually becoming an indispensable part of the financial strategies of many large organizations.
In addition, Nick Ruck, head of research at LVRG, believes that the strong development of Bitcoin will lead to the growth of altcoins. He predicts that as traders continue to diversify their portfolios and are willing to take on more risks, altcoins will continue to follow the trend of Bitcoin, creating a ripple growth cycle throughout the entire crypto ecosystem.
With the current financial situation in the United States and the changing role of Bitcoin, this currency is no longer just a technological product but is gradually becoming a financial risk management tool. With strong market catalysts and supportive macro factors, Bitcoin has the potential to continue achieving new high prices in the near future. The resilience of Bitcoin during global instability, combined with political and financial factors, will be an indispensable part of the investment portfolios of many organizations and individuals in the coming time.
