The world’s largest cryptocurrency, Bitcoin (BTC), has finally started recovering after its recent slump. This rut pushed the price of the king coin down to a low of $74,436.68. The cryptocurrency market saw this as a major setback from its all-time high of $109,114.88. The last couple of days, however, have been amazing for the cryptocurrency as it bounced back above $90,000. Amidst this, a former financial journalist, Max Keiser reinstilled hope into the BTC community.
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A Look Into The Bitcoin Market
At the time of writing, the king coin was trading at $94,583.20. This comes after a 0.23% drop over the past 24 hours. Despite a volatile week, Bitcoin has continued to maintain itself over the $90,000 mark. It should be noted that BTC is 12.75% below its all-time high.
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Here’s Why The King Coin Could Jump
Keiser took to X and shared a post by “Chicken Genius,” an X user with over 216,000 followers, to express his bullishness towards Bitcoin. A chart displaying “Cumulative total spending since Trump’s inauguration compared with the same periods in 2023 and 2024” is included in the tweet. As of right now, the graph indicates that $150 billion has been spent, with the note that “More was spent in 2025 than in 2024.” According to the X user, the US Treasury plans to take out a lot more loans, which is $391 billion more than anticipated. $514 billion during the second quarter.
btc likely to pump front running macro news.
— Chicken Genius (@pakpakchicken) April 29, 2025
US treasury likely to borrow MORE. $391 Billion higher vs estimates 😂💀 total $514 Billion for Q2
there is NO WAY tariff will solve the debt crisis. Elon's effort couldn't make a dent pic.twitter.com/fUBDShlrMe
Further, using all of this information, “Chicken Genius” came to the conclusion that “BTC is likely to pump front-running macro news.” Keiser cited this tweet and offered his own response. He did so by using the 100% emoji. It should be noted that the rest of the market has been predicting BTC’s ascent to $200,000 this year.
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