While Bitcoin may not be "out of the woods" just yet, Macro expert Lyn Alden thinks new buyers could be entering the market soon. Macroeconomist and author Lyn Alden has said that while sentiment for Bitcoin has been low in recent months, there are ânot a lot of downside catalystsâ for the asset left. Speaking in a Thursday interview with CNBC, Alden said that the âfast moneyâ has been washed out and market observers are not expecting Bitcoin treasury Strategy to sell anymore.
Aldenâs comments come after Bitcoin shot up this week. The leading cryptocurrency was recently trading for $72,660 â a more than 6% 24-hour rise â after reaching $72,890 earlier on Thursday. âBy almost every metric, Bitcoin is near the low end of its valuation and sentiment range,â Alden said.
â Bitcoin shot up following President Trump held a meeting at the White House with crypto executives and urged lawmakers to pass the long-anticipated crypto market structure bill, the Clarity Act. The president said Wednesday that the Clarity Act was a âvery, very powerfulâ piece of legislation and urged lawmakers to pass it. Crypto industry companies have long been waiting for the crypto legislation.
The Clarity Act was passed by the House of Representatives last year but has largely remained in deadlock this year. Some lawmakers were hoping for a vote in August but that will now go ahead in September. Alden added that while Bitcoin isnât necessarily âout of the woods yet,â hard assets like Bitcoin that are âunder-ownedâ will come out winning over the long-run.
Bitcoin notched a record in October of $126,080 but has been in a bear market in 2026 as traders have increasingly pivoted to artificial intelligence-related tech stocks, and the Federal Reserve has hinted that interest rates will not come down anytime soon.
