Recently, an analyst threw out a bold opinion: don’t be fooled by Bitcoin currently hovering around $88,000; by 2026, it might head straight to $50,000, and even potentially touch $10,000. At first glance, it sounds shocking, but the logic behind it is actually quite interesting.

What is the core judgment of this analyst? He believes that 2025 could be the peak price for Bitcoin and the entire cryptocurrency market. Look at the current situation: from the all-time high of $126,000 set last October to now, Bitcoin has already retraced by a full 30%. That’s the magnitude of this correction.

But what’s even more interesting is that he raised a question about market structure. Gold remains stable because its competitors are limited—mainly silver, platinum, and palladium. But Bitcoin? As the first cryptocurrency, it was once dazzling, but now it faces competition from millions of digital assets. This shift in the competitive landscape is indeed a serious issue for Bitcoin’s market positioning and price expectations.

What do you think? Whether this logic holds up depends on your own judgment.