After a period of sustained growth, the crypto market appears to be experiencing a period of calm, coinciding with decreasing uncertainty surrounding recent U.S. trade policy actions. However, this quiet lull hides a debate among analysts regarding Bitcoin’s future trajectory. Some see consolidation before a significant surge, while others worry about heightened volatility. Arthur Hayes, for example, believes Bitcoin is still building momentum and predicts a breakthrough above $110,000 as the starting point for a potential rally toward $200,000 if momentum continues. Jeff Glover, on the other hand, frames Bitcoin’s role in a shifting economic landscape, arguing that it’s increasingly seen as a safe haven asset rather than just a speculative play. He anticipates reaching six-figure prices—potentially $136,000—within the next year as this shift in perception gains traction. Pantera Capital’s Cosmo Jiang acknowledges recent challenges but argues that digital assets often rebound faster than traditional markets once investor confidence returns, suggesting crypto may have led the downturn and could lead the recovery. Meanwhile, insights from FRNT Financial’s David Brickell and analyst Chris Mills provide a nuanced view of Bitcoin as both a hedge against instability and a risk-on instrument that reacts quickly to liquidity shifts. They highlight how Bitcoin’s dual role helps it thrive in conditions often shaking other asset classes. Standard Chartered’s Geoff Kendrick forecasts a significant rise for Bitcoin to $120,000 within the next quarter and an end-of-year target near $200,000, relying on strong institutional interest and favorable economic trends. While predicting Bitcoin’s trajectory is complex, it reveals much about the world’s changing perceptions of risk, control, and alternatives to traditional systems.