Skip to main content

Bitcoin is down 22.5%. Time to buy? Not yet

February 26, 2025

Bitcoin is down 22.5%. Time to buy? Not yet. Be patient. Wait until Bitcoin drops another 20% - 30% from its current price before considering buying the cryptocurrency and so-called "digital gold". 

As of February 26, 2025, Bitcoin (BTC) is trading at approximately $84,584, reflecting a decline of about 22.5% from its all-time high of $109,114 reached on January 20, 2025. In less than 40 days, Bitcoin lost over 20%. In about 40 days, Bitcoin should shed another 20%. 

The recent downturn in Bitcoin's fortune is attributed to various factors, including negative impacts from a recent meme coin scandal promoted by Argentina's president, a $1.4 billion hack of crypto exchange Bybit, and concerns about President Donald Trump's trade policies, leading to a pullback in the stock market. There will always be something adverse going on about Bitcoin. The asset class seems poised to attract scandal and be subject to extreme, or at least significant, volatility. 

Despite the current decline, analysts remain optimistic about Bitcoin's long-term prospects, citing historical price cycles and increasing institutional adoption as potential drivers for future growth. In our view, Bitcoin can prove to be a good investment when you buy at more than 50% off the most recent record high. On our part, we are not planning to add any more Bitcoin to the Creatix fund until the price goes down to $55k. 

Now you know it. 


Comments

Post a Comment

Popular posts from this blog

When will the Tesla bubble burst?

December 11, 2024 When will the Tesla bubble burst?  We don't know Fools rush in. It's impossible to know exactly when the Tesla bubble will finally burst. Unfortunately for us at Creatix, we began shorting Tesla too soon. We are down almost 40% on our position as of today. We are not fooling ourselves thinking that we were ever make money on the short position. We truly doubt that Tesla can go down 40% any time soon.  We would love to add to the short position, but it would exceed our $3,000 limit on the stupid bets that we do for fun. We're not Mr. Beast. We have a very limited budget for ridiculousness. We would love to short Tesla tomorrow morning at the ridiculous share price of $424. Tesla is trading at an incredible 116 times earnings, which gives Tesla a market capitalization of $1.32 Trillion. Elon Musk added today $13.4 billion to his fortune. Yes, $13 billion in one day. Yesterday, he had added $11 billion. Yes, that's $24 billion in 2 days.  Six months ago, ...
Post a Comment
Read more

Will prices go up or down during the Second Coming of Trump?

December 12, 2024 Will prices go up or down during the Second Coming of Trump? President-elect Donald Trump has acknowledged the difficulty of reducing grocery prices, stating, "It's hard to bring things down once they're up."  Lower Energy Costs and Better Logistics Trump hopes that lower energy costs and improved supply chains may prevent significant price increases on food. However, many economists believe that Trump's tariffs on foreign countries and massive deportation of illegal immigrants, which include millions of undocumented farm workers, will increase food prices.  Additionally, while Trump emphasizes the role that potentially lower energy prices may have in food costs, experts note that energy constitutes a relatively small portion of food production expenses. Energy prices may also increase despite experts forecasting that they will stay relatively low or go further down. After all, economists and financial experts are wrong often, almost all of the t...
Post a Comment
Read more

Is there a Tesla bubble?

December 10, 2024 Is there a Tesla bubble? You bet. As of December 10, 2024, Tesla (Ticker: TSLA) is approaching an all-time high valuation, with a current share price of $401. The record closing price stands at $410, achieved on November 4, 2021. This gives the American electric car maker a market capitalization of $1.26 Trillion.  Tesla is trading at 110 times earnings. The average price to earnings ratio in the "traditional" automotive industry (excluding Tesla, and also excluding Chinese car makers) is about 6.7. That is, while almost all car makers in the world trade at 7 times earnings in average, Tesla is trading at 110, which is 15 times the industry average.  Major Automakers (Excluding Tesla and Chinese car makers) ranked by P/E: Subaru Corporation (Ticker: 7270.T): 12.0 Suzuki Motor Corporation (Ticker: 7269.T): 10.0 Toyota Motor Corporation (Ticker: TM): 9.70 Isuzu Motors Limited (Ticker: 7202.T): 9.0 Honda Motor Co., Ltd. (Ticker: HMC): 8.0 Mazda Motor Corporatio...
Post a Comment
Read more