▲ BlackRock Bitcoin/ChatGPT-generated image

BlackRock has incorporated Bitcoin (BTC) into the core of the institutional financial system. However, a shocking forecast has emerged in the crypto market suggesting that a true bottom could form below $50,000.

Crypto Matthew, a well-known trader in the cryptocurrency community, said in a March 5 (local time) interview with the Altcoin Daily YouTube channel that while the market is currently experiencing a relief rally, there is a strong possibility that the $60,000 support level could break, leading to a deeper correction toward the end of the year. Matthew noted that although there is a scenario in which Bitcoin could rise to $80,000 in the short term, the true cycle bottom has not yet been confirmed.

BlackRock Chairman Larry Fink, who once criticized Bitcoin as an indicator of money laundering, has now demonstrated an unprecedented shift in stance by managing assets approaching 600,000 BTC. Matthew said BlackRock’s move has accelerated mainstream adoption of digital assets while also suggesting that sophisticated institutional capital is influencing market cycles. IBIT quickly became the fastest-growing ETF in history after its launch and currently holds about 2.7% of Bitcoin’s total supply.

Regarding Bitcoin’s price action, Matthew emphasized the need to pay attention to the historical pattern of 75% drawdowns from previous market peaks during bear markets. While Fink has stated that Bitcoin could reach $700,000 in the long term, Matthew believes an aggressive accumulation strategy targeting levels below $50,000 in the short term is necessary. He maintains a long-term bullish outlook, focusing on increasing his Bitcoin holdings near market bottoms using profits secured through trading.

As for the altcoin market, Matthew argued that the era of broad-based “alt seasons,” where all tokens rise together, is fading, and that Bitcoin dominance-driven conditions will likely persist. He stressed the importance of focusing on protocols generating real revenue, citing decentralized exchange Hyperliquid as a representative example. In 2025 alone, Hyperliquid attracted more than 600,000 new users and generated $850 million in revenue, producing more fees than Ethereum (ETH) and demonstrating strong growth.

He also advised that disciplined risk management—avoiding excessive attachment to any single asset—is essential for successful investing. Even in high-conviction trades, he said, no more than 5% of the total trading portfolio should be exposed to risk, emphasizing that a conservative approach is key to long-term survival. Allocating a significant portion of the portfolio to Bitcoin to hedge volatility and maximize gains during bull markets is also considered an effective strategy.

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

​