Gareth Soloway: bitcoin will collapse by 50%

Renowned trader Gareth Soloway has warned that bitcoin BTC $115,814.00 Mezo Wrapped BTC 1.37% Market capitalization $43.07 million VOL. 24 hours $1.25 billion may undergo a significant correction in the near future. According to his forecast, the price of the cryptocurrency may drop by 30−50% and reach a level of about $ 75,000 in early 2026. The analyst believes that this will be a natural step after the recent growth.

At the same time, he emphasized that the drop will not be as sharp as in 2021, when the crypto market, along with stock exchanges, fell below $ 20,000 per bitcoin. In his opinion, the presence of large institutional players, such as BlackRock, creates a certain «protective buffer» that can mitigate the fall and stabilize investor sentiment.

Soloway was also skeptical about the likelihood of a new large-scale rally in 2025. In his opinion, after the downturn, bitcoin will enter a consolidation phase while the market adapts to new macroeconomic conditions.

Despite his short-term pessimism, the trader remains optimistic in the long run. He emphasizes that both bitcoin and gold continue to act as alternative means of preserving value and protecting against inflation and devaluation of national currencies.

«Society is looking for an alternative to fiat currencies. As long as people have access to bitcoin and are willing to use it, it will remain a part of the future,» Soloway concluded.