Arete Capital Partner: Unless U.S.-China relations escalate significantly, BTC has bottomed out at $74,000
2025-04-14 08:05:11
On April 14, McKenna, managing partner of Arete Capital, said that the market often bottoms out on the worst news. He mentioned that Bitcoin had fallen to $74,000 due to reciprocal tariffs and falling stock markets, which was one of the worst panics he had ever seen in the market. He believes that unless relations with China seriously deteriorate, future news will only make the market volatile. McKenna also pointed out that Trump's goal is simply to reach a deal and readjust global trade within 90 days, followed by massive tax cuts and deregulation.
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