Ansem: Pessimism Reaches Extreme Levels, Buying Bitcoin Now Is a Good Trading Opportunity

BlockBeats News, June 26th. Crypto KOL Ansem reiterated the long-term investment logic of Bitcoin in a post and stated that despite holding a bearish view earlier, the current price level has presented a good buying opportunity.

He pointed out that the core narrative of Bitcoin as the hardest money remains unchanged—cannot be confiscated by the government, can be instantly transferred across borders, and is not affected by long-term USD depreciation, making it an ideal vehicle for long-term wealth storage. The period from 2024 to 2025 when gold outperformed Bitcoin temporarily challenged the "digital gold" narrative, but he believes that with a price momentum recovery, market confidence can be restored.

On a macro level, Ansem believes that with the reopening of the Hormuz Strait and the easing of inflation pressure, the Fed's hawkish stance may have reached its peak. At that time, Powell and the Fed will have room to cut rates instead of continuing to raise them. The strength of the dollar and rising interest rates suppress gold, but if AI stocks see profit-taking flows into real estate, cash, and long-term store-of-value assets, both gold and Bitcoin will benefit. Institutional investors like Paul Tudor Jones maintain their interest in Bitcoin.

Previously, Ansem admitted to being bearish on Bitcoin due to the holding risk of Saylor (founder of MicroStrategy) and once believed that $60,000 would be hard to hold. However, he stated that he is now responding to buying signals. He pointed out that the current price action has already priced in the worst-case scenario of Saylor being forced to sell, and even if he does need to sell, it would not happen until at least 6 months later.

In conclusion, he stated that Bitcoin is currently at the intersection of a long-term historical support level and the most pessimistic market sentiment he has seen personally, making it a worthwhile trading opportunity to enter early in Q3.