In recent days, you may have observed significant increases in the cryptocurrency market. Today, the bitcoin price is below $122,000. Is this the end of the bull market? The expert described for us the fundamental change that had taken place.
Bitcoin price dropped below $121,000. This happened shortly after the cryptocurrency registered a new ATH. Currently, 1 BTC costs approximately USD 122,000.
Bitcoin was followed by ether, which dropped to levels below $4,500. Currently, 1 ETH costs USD 4,457. Just 24 hours ago, there were many indications that ether would attack its ATH.
Is this the end of the bull market? No, just another correction, and a rather shallow one at that. There are two more interest rate cuts ahead of us. by the Fed this year and potential changes in US law that could fuel growth.
Ryan Lee, Chief Analyst at Bitget, in a market commentary received by our editorial office, points out what change has taken place on the market:
We share JPMorgan’s view that bitcoin and gold constitute a duo of assets that protect against the loss of the value of money – a thesis that reflects the growing shift of investors away from fiat currencies in the face of persistent fiscal deficits, growing sovereign debt and loose monetary policy, systematically undermining the credibility of money. In such an environment, capital is increasingly moving towards rare assets that are independent of governments and allow them to maintain value over time. Bitcoin’s evolution into “digital gold” reinforces this paradigm – it combines limited supply with mobility, divisibility and 24/7 availability that physical gold cannot provide. This makes BTC a fundamental security in modern wallets and an increasingly important alternative to traditional value-preserving assets.
From Bitget’s perspective, this shift indicates a structural reallocation of institutional capital, where bitcoin could match or even exceed gold’s historical 5-10% share in portfolio strategies. The evidence is already emerging — in the form of rising inflows into ETFs and allocations on corporate balance sheets — signaling increasing confidence in Bitcoin’s long-term stability.
In the longer term, the current macroeconomic regime will direct significant capital towards digital assets. While bitcoin will initially capture the lion’s share of this flow, momentum will likely spread to high-quality altcoins that reinforce the scarcity and utility narrative. Ethereum’s deflationary mechanism (EIP-1559) and its central role in DeFi make it an income-generating equivalent to Bitcoin’s store of value function. Solana’s high-bandwidth architecture continues to attract DeFi and NFT projects seeking efficient, devaluation-resistant ecosystems, and Chainlink’s oracle infrastructure strengthens trust in tokenized real-world assets.
Together, these dynamics underscore the maturation of the digital asset market, where favorable macro conditions and technological innovation are co-creating the foundation for sustainable growth. For investors and institutions, this evolution cements the role of cryptocurrencies not only as a speculative tool, but as a key pillar of wealth protection in an era of monetary devaluation.
