An anonymous crypto strategist, known as Pentoshi, is optimistic about Bitcoin’s long-term potential, stating that its upside is unlimited despite its recent price stagnation. Pentoshi, who has a large following of 801,000 on the social media platform X, believes that Bitcoin may experience a significant correction before resuming its upward trajectory. He suggests that even in the worst-case scenario, where Bitcoin drops by 20-25% to $48,000-$51,000, investors should become more bullish because the potential for gains becomes even greater. Pentoshi acknowledges that this scenario may be hard to imagine currently, but it is still within the realm of possibility and presents an opportunity to allocate more funds to Bitcoin.

Pentoshi attributes his bullish outlook to the current macroeconomic landscape, which indicates that the Federal Reserve will eventually ease its monetary policy. He points out that previous Bitcoin bull markets were sparked by similar conditions. Additionally, with the introduction of Bitcoin exchange-traded funds (ETFs), more people are seeking exposure to BTC. Pentoshi predicts that other countries will follow El Salvador’s example and begin accumulating Bitcoin. He argues that Bitcoin’s upside potential is unlimited due to the upcoming period of extensive money printing, the increasing demand for BTC through ETFs, and the involvement of nation-states.

In contrast, Pentoshi believes that altcoins will have separate market cycles from Bitcoin. He concludes that Bitcoin has the potential for parabolic rallies that can last for months, as demonstrated in the past before the existence of ETFs or the involvement of nation-states.

As of the time of writing, Bitcoin is valued at $62,047.

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