Zach Burks, the CEO of Mintology, recently shared his insights on the current state of the market with crypto.news.
In his comments, Burks highlighted that gold continues to be the top choice for institutions seeking a safe-haven asset, while Bitcoin (BTC) is becoming a popular hedge for retail investors against economic uncertainty.
He noted the recent rise in gold prices, pointing to institutional investors as the primary influence behind this trend. Burks anticipates that gold prices may experience short-term increases, exceeding $3,500, but expects a correction to follow after what he refers to as ‘Liberation Day.’
Burks cautioned that market volatility is expected to heighten around the anticipated ‘Liberation Day’ event involving former President Donald Trump, calling it a potential “atomic bomb” for the financial landscape.
“Trump’s ‘Liberation Day’ is going to be an atomic bomb on the current markets – and crypto isn’t safe in the immediate term,” he stated.
He forecasts a drop in Ethereum (ETH) to around $1,600 and predicts that Bitcoin could fall beneath $80,000 in reaction to retaliatory tariffs.
The crypto sector initially saw a rebound at the beginning of the week, as traders responded positively to clarity regarding Trump’s trade approach, resulting in gains for Bitcoin, Ethereum, and other prominent altcoins.
However, this optimistic sentiment quickly faded as fears concerning reciprocal tariffs surfaced once again, causing a decline across both crypto and conventional markets.
Despite these fluctuations, Burks remains optimistic about Bitcoin’s long-term prospects, believing that capital will increasingly flow away from traditional financial systems.
“The outcome for crypto will be positive,” he affirmed. “Bitcoin prices will soar in the long term, as institutional investors redirect their capital away from the increasingly unstable US-led institutions.”
Burks also suggested that current global instability mirrors conditions before World War II, predicting significant geopolitical shifts that will affect trade, alliances, and financial markets alike.
