Bitcoin, if it crosses 'this point', the game is over... the surge switch is turned on

▲ Bitcoin (BTC)

Bitcoin (BTC) has entered a critical turning point where the market structure shift will be determined by whether it breaks above $76,000.

According to crypto media outlet Coingape on April 14 (local time), macro investor Jordie Visser diagnosed that a sustainable bull market will begin if Bitcoin breaks above $76,000 and Ethereum (ETH) simultaneously surpasses $2,400.

Visser identified the breakdown of correlation as the most significant change in the market recently. Over the past five years, Bitcoin has shown a trend similar to software stocks, but recently, even as tech stocks show weakness, Bitcoin has maintained an independent trend, indicating a change in its asset characteristics.

The macroeconomic environment also supports the bullish argument. Visser analyzed that inflation remains high, while the possibility of an economic slowdown is limited. In such an environment, returns on traditional assets are restricted, and capital tends to move to new investment opportunities.

The real interest rate structure is also a key variable. With short-term interest rates around 3.66% and inflation at 3.30%, real interest rates are in a low range. If future price increases cause real interest rates to turn negative, capital inflow into Bitcoin is expected to expand.

Visser also emphasized Bitcoin's structural characteristics. While competition in the software industry intensifies with the spread of artificial intelligence, Bitcoin, as a digital asset with limited supply, acts as an independent store of value.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*