Macro investor Jordi Visser believes Bitcoin and Ether are approaching levels that could indicate a significant trend reversal for the year, despite widespread predictions of a bear market. Visser stated that if Bitcoin trades above $76,000 and Ether surpasses $2,400, it would signal a sustainable upward move, as he does not anticipate a recession. This outlook contrasts with the prevailing industry consensus, which forecasts further downside.
Visser predicts inflation will remain elevated, leading investors to seek assets that perform well when traditional markets like the S&P 500 stagnate. Recent data from the U.S. Bureau of Labor Statistics showed the Consumer Price Index rose 3.3% year-over-year in April, supporting the view of persistent inflation. This perspective challenges some analysts who forecasted Bitcoin falling below its yearly low of $60,000.