Are 20% Corrections Inevitable?
According to analyst Jordi Visser, an artificial intelligence (AI) specialist, Bitcoin is part of a broader trend connected to AI. He compares the price evolution of the cryptocurrency to that of Nvidia, the world’s largest chip manufacturer. Although Nvidia has recorded growth of over 1,000% in recent years to become the world’s largest company, it had to endure five major corrections of at least 20% along the way.
“Just as Nvidia experienced a meteoric rise after the launch of ChatGPT, there were several major pullbacks,” says Visser. “Bitcoin will do exactly the same thing.”
The expert believes that AI will increasingly replace human labor, making traditional companies obsolete. In this context, investors would be looking for a reliable new digital safe haven, a role that Bitcoin could assume. “AI makes classic companies obsolete. That’s why investors are looking for a new safe way to store value. Bitcoin is the best alternative in this respect,” explains Visser.
He emphasizes that the fourth quarter, although historically positive for cryptocurrencies, can also include periods of sharp decline. According to him, we should expect pullbacks of at least 20%, even if in the long term, new records are in sight.
BTC Lagging Behind Other Markets
While gold and stocks have recently reached new highs, it’s notable that Bitcoin hasn’t followed suit. Gold has touched a historic high of nearly $3,820 per ounce (about 31 grams). For its digital counterpart, it’s a different story. The last record for BTC dates back to August, when it reached $124,500. To return to this level, an increase of about 11% would be necessary.
However, some analysts expect the best is yet to come. Renowned trader Tom Lee claims that Bitcoin could climb to $200,000 or even $250,000 this year. In the best-case scenario, this would represent an increase of more than 120% from the current level of about $112,000.
Although Bitcoin has recently gone through a period of volatility, experts agree that its long-term upside potential remains intact. Just as Nvidia experienced phases of strong correction before establishing new highs, BTC is likely to follow a similar path. For patient investors, the rewards could be substantial.
How to Buy Bitcoin on Bitget?
Bitcoin is currently trading around $113,978 and is potentially preparing for a new explosive phase. With Bitget, buy BTC easily and secure your positions before the market accelerates toward new highs.
Here’s a buying guide on Bitget with GetAgent:
- Create a Bitget account: Sign up for free and complete the KYC verification.
- Activate GetAgent: Open the GetAgent section to access automated services.
- Deposit funds: Use your bank card, a SEPA transfer, or transfer your crypto.
- Buy Bitcoin: In GetAgent, indicate the amount of BTC to buy and validate the order.
- Secure your assets: Activate 2FA and, if needed, transfer your BTC to an external wallet.
With GetAgent, you benefit from a simplified, fast, and optimized process to accumulate Bitcoin securely.
On the same topic:
