Bitwise Asset Management executives, CEO Hunter Horsley and Head of Alpha Jeff Park, are sounding an optimistic note for Bitcoin, forecasting a price surge amid growing global economic instability. Both leaders argue that the current macroeconomic climate presents a “generational opportunity” for Bitcoin as signals point to significant market shifts.
In a February 16 post on X, Park warned that the world is on the “brink of max chaos,” citing recent developments like the House Republicans’ proposed budget plan, which includes a $4 trillion increase in the debt limit. This would boost government spending, further fueling inflation concerns. Additionally, the ongoing trend of deglobalization—highlighted by Donald Trump’s heightened threat of reciprocal tariffs has added to the sense of uncertainty.
Park also highlighted what he called a coming “max retardation” in markets, pointing to factors like the GOP’s proposed $4.5 trillion in tax cuts, an anticipated gold run, and the possibility of yield curve control (YCC), where central banks target long-term interest rates to stimulate borrowing and investment.
Despite some of these challenges, Bitwise’s CEO Hunter Horsley remains bullish on Bitcoin. In his February 16 X post, Horsley emphasized that the digital asset is poised for massive mainstream adoption in 2025, expressing record optimism for Bitcoin’s future. “People are wildly underestimating the massive leaps Bitcoin is going to take this year,” Horsley wrote, adding that the asset’s implied volatility (IV) percentile is the lowest it’s been all year, signaling an optimal time to invest.
Bitcoin’s volatility index (IV) is currently sitting at 50.90, well below its yearly peak of 71.28. The IV percentile, which tracks how Bitcoin’s volatility compares to the past year, is at 12.3%. This low volatility combined with macroeconomic uncertainty is prompting Bitwise’s executives to believe Bitcoin could be on the verge of a breakout.
As of now, Bitcoin is trading slightly below $96,000, down about 1.5% in the past 24 hours, according to CoinGecko. Its price has fluctuated between $90,000 and $100,000 this year, peaking at $108,786 late last month following Donald Trump’s inauguration. Market sentiment, as tracked by the Crypto Fear & Greed Index, is currently neutral, sitting at a score of 51 out of 100 as of February 17, slightly improved from last week’s “Fear” sentiment but lower than the “Greed” levels seen earlier this year.
With growing concerns about global economic policies and the potential for a Bitcoin-driven rally, both Horsley and Park remain confident that Bitcoin is on the verge of mainstream recognition—and it could soon make significant gains.
