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After a rollercoaster ride in the first quarter—where Bitcoin (BTC) nearly touched $109,000 before tumbling down to around $78,000—investors are now eagerly eyeing the second quarter with a mix of hope and caffeine-fueled anxiety.
Especially now that the new import tariffs are officially live, the market is bracing for whatever chaos (or recovery) may come. So, what’s next for BTC? Can it recover—or even soar?
A Familiar Historical Pattern Emerges
According to market analyst Ted Pillows, there’s good reason to stay optimistic. He points to eerie similarities with Q2 of 2017, when Bitcoin quietly took off after a calm Q1. Back then, BTC rocketed from around $1,400 in April to a staggering $20,000 by December.
If history rhymes even a little, BTC could be gearing up for another ATH (All-Time High) sprint this year.
Are Tariff Fears Already Priced In?
The good news? The worst may be over. When Trump’s tariff threats first hit the headlines back in February, the entire crypto market had a minor meltdown. But fast forward a few months, and things have calmed down.
The official implementation of the tariffs yesterday seems to have been largely priced into current market conditions. That opens up room for recovery—or maybe even another bullish breakout.
Is This the Last Chance to Buy Cheap?
Of course, no one has a crystal ball. Trump could wake up tomorrow and tweet a new economic policy out of nowhere, nuking market stability again.
But if things stay relatively calm, this might just be one of the last opportunities to grab Bitcoin at a “reasonable” price. Is this the infamous “Buy the Dip” moment? Maybe. Just maybe.
Bitwise CIO: “This Is the Best Time to Buy Bitcoin”
Matt Hougan, Chief Investment Officer at Bitwise, isn’t mincing words. He says there’s never been a better moment to buy Bitcoin than right now. While early adopters had to deal with wild risks, Hougan believes most of those have now been neutralized.
Back in the Wild West days of crypto, investors worried about governments banning BTC outright, given its roots as a currency designed to escape centralized control. Technological doubts also loomed large—was there a bug in Satoshi’s code just waiting to implode the network?
Today, Hougan says those fears are almost extinct. Thanks to the launch of Bitcoin ETFs in the U.S. and national reserve-friendly policies under Trump, Bitcoin has secured its spot in the global financial ecosystem.
“Bitcoin is currently just 10% of gold. For it to match gold—which I think is just a pit stop on Bitcoin’s long journey—it would need to 10x from here,” Hougan explains.
And This Is Just the Beginning
Hougan sees the gold comparison as only the first leg of the journey. According to him, institutional adoption is still warming up.
“There’s just too much structural, long-term demand entering this market, while the supply remains severely limited,” he adds.
Gold might still be stealing the spotlight with fresh all-time highs. Meanwhile, Bitcoin is going through a bit of an identity crisis. But hey—things change fast in crypto.
Final Word: A Dream Deferred or a Bull Run Brewing?
If you’re waiting for the perfect moment to jump in, Hougan believes the risk-to-reward ratio for Bitcoin has never been more attractive. With macro headwinds fading and bullish patterns forming, Q2 could be the comeback tour BTC fans have been waiting for. Or at the very least—a decent opening act.
