Bitcoin rebounded from its downward spiral on Apr. 1 as crypto traders are preparing to face the Liberation Day.
On Apr. 2, dubbed the “ Liberation Day ,” President Donald Trump will levy “reciprocal tariffs” on several countries.
While the traders are anxious about the impact of the tariff war on the crypto markets, a leading analyst believes, “Liberation day will be good for Bitcoin.”
Mathematician and The Big Bitcoin Book author Fred Krueger wrote on X (formerly Twitter) on Apr. 1 that investing in “transportable Digital Gold is a no brainer” in a tariff world.
Krueger also weighed in on the Bitcoin vs. gold debate and chose the cryptocurrency over the bullion. He claimed that while only one ounce of gold could buy one Bitcoin in 2017, you need 26 ounces of gold to buy one Bitcoin in 2025.
A popular crypto analyst is also super bullish on Bitcoin’s long-term price movement. The analyst added how BTC’s price movement in 2025 so far mirrors that of 2017. If it replicates the same price movement during the next upcoming months, the cryptocurrency could easily hit the range of $150,000-$200,000 by the end of the year.
Data from the on-chain analytics platform Coinglass shows that Q1 2025 was the worst quarter for Bitcoin since 2018. With a loss of 11.82%, the cryptocurrency has recorded negative quarterly returns for the first time since 2022.
As we walk into the second quarter, we will have to observe how Bitcoin performs during April, as the cryptocurrency has an average monthly return of 12% during the month so far.