As the market remains fragmented Bitcoin’s (BTC) near term indicatorone Wall Street analyst stood by his positive outlook. He predicts that Bitcoin can go in quickly price discoveryunderlines its value beyond being a premium to the market leader and one of the best-performing assets that could eventually reach the gold market capitalization.
Analyst Remains Bullish on Bitcoin Despite Price Volatility
In a recent interview with CNBC, William Blair’s fintech analyst Andrew Jeffrey said the recent price volatility doesn’t change his long-term conviction. Bitcoin discovery and future value. CNBC opened the discussion by pointing out that crypto started the year on a strong note than Q4 2025, it rose about 5% before recovering more than 2% after a sharp rally.
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When it asked What was happening under Bitcoin’s recent moves, Jeffrey said its behavior reflects the nature of the commodity. He explained that BTC has market capitalization more than $1.9 trillion. However, about one-third of all available assets are controlled by a small group of wallets, numbering around two million.
A Wall Street analyst said this concentration of supply it creates instability, especially in times of market stress. He added that recent buyers, especially retail investors entering through ETFsthey tend to have weak convictions and are more likely to sell during downturns.
According to Jeffrey, these commodities can’t sustain themselves, leading to significant declines. He said the current environment is very vulnerablebut he emphasized that he sees this phase as temporary. The Wall Street analyst also highlighted his belief that Bitcoin will increasingly be viewed as a store of value. He said that BTC could eventually challenge gold’s role in that phase and approach the precious metal market, which is currently 15x larger than Bitcoin today.
While optimistic about the outlook for Bitcoin, Jeffrey made it clear that he does not see it becoming a dominant payment tool. Instead, he said stablecoins are similar USDC for the circle they are very much worth the bargain. The analyst emphasized that price recovery is still ongoing and that BTC’s long-term strength remains strong despite the recent market turmoil.
Bitcoin Still Needs To Lead For Crypto To Rise
In an interview, Jeffrey spoke to CNBC about the waning excitement surrounding Bitcoin as new crypto news attracts attention. CNBC raised concerns that BTC feels like old news as prices rise and interest shifts to more interesting news surrounding companies like Ripple.
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Jeffrey responded that Bitcoin’s short-term price action is driven by investor psychology, while its long-term performance tells a different story. He stressed that Bitcoin has been the world’s best-performing asset over the past decade and said investors need to maintain that perspective.
CNBC also doubted that the current crypto growth is possible without leading Bitcoin. A Wall Street analyst responded that it will be very difficult for the crypto market to see continued gains without the dominant BTC.
The featured image was created with Dall.E, a chart from Tradingview.com
