Bitcoin Could Fall to $50K Range Amid Trump-Era Policy Pressure, Says Analyst

In Brief:

Lekker Capital’s Quinn Thompson warns BTC may drop to low $50,000s by year-end.

Analyst says Trump’s economic policies could drag down risk assets like Bitcoin.

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Quinn Thompson, founder of crypto hedge fund Lekker Capital, predicts that Bitcoin could fall to the low $50,000 range before the end of 2024. While he does not anticipate a sharp crash, Thompson believes the market will undergo a prolonged and painful decline as macroeconomic headwinds grow.

According to Thompson, recent bullish narratives—such as sovereign Bitcoin reserves or strategic purchases by entities like MicroStrategy—are “hollow events” that often result in “sell-the-news” behavior. He argues that the only major buy-side activity comes from predictable actors, not broader institutional demand.

He also highlighted concerns about the Trump administration’s policies, suggesting they could worsen economic conditions in the next six to nine months. Treasury Secretary Scott Bessent’s remarks on “adjusting course” may signal an effort to curb inflated asset prices, Thompson added, which could further pressure U.S. equities and crypto markets.

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