CEO of Mintology Predicts Crypto Market Shifts Amid Global Uncertainty
Zach Burks, CEO of Mintology, offered insights on the current crypto market landscape. He believes gold is still the go-to safe-haven for institutions, while Bitcoin (BTC) is becoming a retail investor’s shield against economic turmoil.
Burks noted the recent rise in gold prices, driven by institutional investors. He forecasts short-term gold spikes above $3,500,followed by a correction post ‘Liberation Day.’ This event, linked to former President Donald Trump, could cause significant market volatility.
“Trump’s ‘Liberation Day’ could be an atomic bomb for financial markets, including crypto,” Burks warned. he expects ethereum (ETH) to dip to $1,600 and Bitcoin below $80,000 due to potential retaliatory tariffs.
Initially, the crypto market saw a positive response as traders welcomed clarity on Trump’s trade strategy. Though, concerns over tariffs led to a decline in both crypto and customary markets.
burks remains optimistic about Bitcoin’s long-term prospects. He sees capital moving away from traditional systems, benefiting Bitcoin. “Crypto’s future is bright. Bitcoin prices will soar as institutions shift away from unstable US-led institutions,” he stated.
With global instability reminiscent of pre-WWII times, Burks predicts major geopolitical changes, affecting trade, alliances, and financial markets.
