Graham Stephan, relaying Galaxy Research: BTC will fall to $46,000

The window it was checked over

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

common shares. And he did wind up buying even more Bitcoin after the price fell. So, where do we go from here? Well, even though it doesn't sound as dramatic, the real reason Bitcoin has been falling is because a lot of the excitement and money has been chasing recently IPOs, AI, and tech. Bitcoin's also been underperforming over the last 5 years and people have grown tired of it. And until everyone gets excited about Bitcoin again, we're probably going to see pretty choppy performance for the near future. For example, Galaxy Research just reported that they believe may not have bottomed yet. With a base case that it could fall between 40 and 46,000 by late this year. But, on the other hand, Standard Chartered believes that the Bitcoin bottom is already in at 59,000. And Galaxy itself still believes that Bitcoin hits 250,000 by the end of 2027. Although in terms of the main event, the new Fed chair, Kevin Warsh, and why everyone is panicking about what comes next, here is what you need to know. As of a few hours ago, Kevin Warsh officially gave his first speech as chair of the Federal Reserve. And just like Jerome Powell, he reiterated that they are committed to fighting inflation while

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