As The Guardian has noted:
Bitcoin’s price sank to $63,000 on Thursday, its lowest level in more than a year, and half its all-time peak of $126,000, reached in October 2025. A months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters.
This is the chart:
Note the trend: that is not an adjustment. That is a crash.
My conclusions are threefold.
First, this sham asset has a long way to fall as yet: there is literally no value to it. The destination is far down the Y-axis.
Second, this is the precursor. Sometime soon, the softness in the AI tech market will turn into a rout. There is real value there, so there will be a floor to the fall, but a halving of value is also likely. That will be a vastly better outcome than Bitcoin will enjoy, and mightily painful for the world economy, nonetheless.
Third, it would be great if Trump’s fortunes went the same way. He has pitched his offering to both the crypto and stock markets: when both crash, we just have to hope his bubble bursts as well.
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