Crypto Funds: Bitcoin fit no reach bottom yet, few people dey bet say e go reach $100K by end-of-year
According to The Block Funding interviews, most crypto funds believe say Bitcoin never reach bottom yet and fit still drop. Finality Capital partner expect the “real bottom” around late Q3 or early Q4. Digital Asset Capital Management execs dey take “relatively neutral” stance for next 12 months, while Hypersphere Ventures founder talk say sentiment dey broadly bearish because other sectors (AI, aerospace, health tech, defense tech) dey more attractive.
Some long-term investors see the current drawdown as buying opportunity. VanEck’s digital asset IR lead say confidence for Bitcoin still strong, but many funds no dey rush to deploy capital. Instead dem dey hold more cash and reduce directional exposure, waiting for better setup. M11 Fund prefer DeFi projects wey get revenue and clear product-market fit.
Key risks dem highlight include Strategy’s (former MicroStrategy) debt raising and potential threats from quantum computing. On the other hand, some argue Bitcoin fit remain resilient through upgrades wey address quantum risk.
As potential catalysts, multiple funds mention rate cuts, easing geopolitical tensions, improved liquidity, and progress on a “Clarity” bill.
Few funds give end-of-year price targets. Those wey give generally no dey bullish say Bitcoin go break $100K. Hypersphere’s baseline na about $55,000, while Finality expect bottom inside $45,000–$55,000 range before rebound to $65,000–$75,000.
Bearish
Di gist of di article na dey bearish for short-term price action: most crypto funds wey dem interview no believe say Bitcoin don reach bottom and dem dey expect further downside or later, lower “real bottom” (late Q3/early Q4). Even di more cautious/neutral respondents no dey call for aggressive risk-on positioning; dem prefer make dem hold more cash and reduce directional exposure.
Dis matter for trading because e show say immediate dip-buying demand go limited and people go still prefer to wait — wey often mean choppier downside volatility rather than smooth reversal. Di small number of targets wey dem give also cluster well below $100K, meaning expectations for rally to six-figure levels still muted.
Historically, similar consensus “not-yet-bottom” narratives dey delay sustained breakouts until liquidity improve (e.g., rate-cut cycles) or catalysts reduce macro/geopolitical pressure. Here, funds explicitly cite rate cuts, liquidity improvement, and regulatory clarity (Clarity bill) as catalysts — meaning market fit trade as “wait for macro” rather than “price don reset.” Longer-term confidence (e.g., VanEck) fit cap extreme downside, but di dominant positioning (cash + lower exposure) support near-term bearish bias for Bitcoin volatility and spot/derivatives flows.