The road to new highs for Bitcoin (BTC) will not be smooth, as significant corrections over 20% will continue to occur, even in the fourth quarter of this year, according to analysis by expert Jordi Visser. Although the fourth quarter is usually a positive period for the cryptocurrency market, this analyst still warns that strong volatility is unavoidable.
Visser believes that Bitcoin is currently part of the "AI wave," and compares this cryptocurrency to Nvidia – the high-performance chip manufacturer that has become the most valuable publicly traded company in the world and the first company to reach a market capitalization of $4 trillion. He emphasizes:
“Remind everyone that since the launch of OpenAI's ChatGPT, Nvidia's stock has increased by more than 1,000%. In less than three years, there have been 5 adjustments over 20% before reaching new peaks. Bitcoin will also have a similar journey.”
Theo Visser, as artificial intelligence increasingly replaces human labor and reshapes economic sectors, the value of many traditional companies will be eroded, stocks will gradually lose their position, and Bitcoin will emerge as the most superior store of value in the digital age.
The market is diverging before Bitcoin's slow movements
While gold and securities continue to set historical peaks, Bitcoin remains around 110,000 USD, about 11% lower than the record high of over 123,000 USD. This has divided investors: some believe BTC can rise to 140,000 USD in the fourth quarter, while cautious factions worry this is just the beginning of a deep downward cycle that could bring the price down to 60,000 USD.
Besides market factors, legal obstacles and the fact that the U.S. has not implemented a Bitcoin accumulation strategy according to the planned periodic purchases have also dampened expectations. Previously, many experts predicted that the U.S. government's move to establish a 'national strategic Bitcoin reserve' would be a major catalyst for the price of this digital currency in 2025.