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Bitcoin Offers Opportunities Amid Global Chaos, Says Bitwise

Bitcoin Offers Opportunities Amid Global Chaos, Says Bitwise

The leading cryptocurrency presents a “once-in-a-generation opportunity” as Donald Trump’s administration threatens to radically alter global trade and central banks flood markets with fiat, according to Jeff Park, Head of Alpha Strategies at Bitwise Asset Management.

“The world is literally on the brink of maximum chaos (tariffs, government debt ceiling, deglobalization) and degradation (unprecedented tax cuts, inevitable YCC, gold lag risk),” he wrote. 

Meanwhile, the implied volatility (IV) percentile of Bitcoin is at its lowest level of the year, Park noted. This metric shows the percentage of days over the past 12 months when the asset’s volatility was lower than current values. 

According to Deribit, the IV index currently stands at 51.22, having reached a peak of 71.28 at the end of January. Bitcoin’s volatility percentile is 12.3.

Bitwise Invest CEO Hunter Horsley stated he has “never been more optimistic” about digital gold. 

“People are greatly underestimating the huge leap Bitcoin will make into the mainstream this year,” the top executive added. 

Currently, the leading cryptocurrency is trading at $95,960, having decreased by 1.4% over the past day. The weekly decline is 1.2%. 

BTCUSDT_2025-02-17_10-45-27
Hourly chart of BTC/USDT on Binance. Data: TradingView.

Earlier, Standard Chartered predicted Bitcoin would exceed $100,000 after February 16.

However, CryptoQuant suggested a bearish phase might occur due to investors’ reduced risk appetite.

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