Bitcoin’s swift rise to $250,000 this year may cause more harm than good, warned macro analyst Mel Mattison. During an interview with crypto entrepreneur Anthony Pompliano, Mattison expressed concerns about the potential for a ‘blow-off top’ if Bitcoin skyrockets too quickly.

“One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like a 3-month period,” Mattison noted.

Such a rapid increase could incite panic selling as investors rush to cash in their profits, which may precipitate a decline in value, he explained.

Currently, Bitcoin is priced at approximately $102,870; a jump to $250,000 would mean a 142% increase.

Healthy Market Movements

Recent fluctuations have seen Bitcoin dip below $100,000 for the first time in four months, deemed normal by Mattison, who emphasized the ‘healthy rotations’ occurring in the market.

In a broader context, industry experts like Arthur Hayes and Tom Lee remain optimistic about Bitcoin potentially hitting $250,000 by year-end, despite the limited timeframe remaining in the calendar.

November stands out statistically as Bitcoin’s best-performing month, historically yielding an average return of 42%. If this trend persists, Bitcoin could potentially hit $145,000 by the end of the month.

2026 Bear Market Discussions

The discourse on whether a bear market is imminent in 2026 varies widely within the industry. While Steven McClurg forecasts a rise to between $140,000 and $150,000 before the end of this year, others, like Bitwise’s Matt Hougan, argue that 2026 may not follow the conventional four-year cycle, hinting at another bullish phase.

Additionally, Galaxy Digital’s Mike Novogratz mentioned that for Bitcoin to reach $250,000 soon, many favorable market conditions would need to align.