David Bailey, a key adviser on cryptocurrency to former President Donald Trump, has made a bold prediction: Bitcoin’s bear market, often the bane of crypto enthusiasts, might not rear its head for several more years. His assertion, however, is meeting a chorus of skepticism from seasoned market watchers and analysts who caution that the digital currency’s notorious volatility could upend even the most confident forecasts.
Bitcoin’s Fortunes: A Bullish Outlook or Wishful Thinking?
Bailey’s optimism is rooted in a belief that Bitcoin has reached a level of maturity and acceptance that buffers it against the cyclical downturns it has suffered in its 14-year history. He suggests that institutional investments and growing regulatory clarity are helping stabilize the market. “We’re in a different era now,” Bailey remarked during a recent financial summit in New York. “The infrastructure for Bitcoin is more robust than ever.” This sentiment is echoed by some industry experts, as discussed in Bitcoin Market Structure ‘Still Looks Extremely Bullish,’ Says FalconX Head of Research.
Yet, this rosy projection is not universally shared. Industry experts, including those who have weathered multiple crypto cycles, urge caution. “Bitcoin’s past doesn’t dictate its future,” says Maxine Harper, a crypto analyst at Quantum Investments. “While there’s been progress, the market’s inherent unpredictability could still lead to corrections sooner than Bailey anticipates.”
Skepticism and the Market’s Volatile Nature
The digital currency realm is no stranger to dramatic shifts. Bitcoin itself has been likened to a rollercoaster, with breathtaking highs and gut-wrenching lows. In late 2023, for instance, Bitcoin soared past $60,000, only to plummet months later amidst regulatory crackdowns and macroeconomic jitters. Fast forward to 2025, and the currency hovers around $50,000, a testament to its resilient yet volatile nature.
Analysts like Harper argue that external factors—from geopolitical tensions to technological advancements—could significantly influence Bitcoin’s trajectory. “Let’s not forget the impact of innovations like Ethereum’s transition to proof-of-stake,” she notes. “Such shifts can ripple across the market, affecting Bitcoin’s price indirectly.”
Institutional Influence and Regulatory Developments
Bailey’s confidence partly stems from the influx of institutional money into Bitcoin. Major players like BlackRock and Fidelity have dipped their toes into the crypto waters, bringing with them a level of legitimacy and heft previously unseen in the space. Their involvement is seen as a stabilizing force, potentially mitigating the extreme price swings of the past.
Moreover, regulatory developments, especially in key markets like the United States and the European Union, are providing a clearer framework for digital assets. This has arguably alleviated some of the uncertainties that plagued Bitcoin in its earlier days. “Regulation isn’t the enemy,” Bailey insists. “It’s the guide rail that keeps the market on track.”
However, Harper and her peers urge vigilance. “Regulations can be a double-edged sword,” she warns. “While they can protect investors, they can also stifle innovation and lead to unintended consequences.”
The Road Ahead: Uncertainties and Opportunities
Looking forward, the question remains: will Bailey’s bullish outlook hold true, or are we on the brink of another unpredictable downturn? While the jury is still out, one thing is clear—Bitcoin’s future is as intriguing as ever. Whether it continues its current trajectory or faces another correction, the digital currency’s journey is far from over. For a long-term perspective on Bitcoin’s potential value, see Bitcoin Price to Hit $1.3M by 2035, Says Crypto Asset Manager Bitwise.
As we edge closer to 2026, the landscape is rife with potential and peril. New technologies, regulatory shifts, and market dynamics will all play pivotal roles in shaping Bitcoin’s path. For now, investors and enthusiasts alike watch and wait, ready to navigate whatever twists and turns the crypto world throws their way.
Source
This article is based on: Bitcoin bear market is likely years away: Trump adviser David Bailey
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
