#binanceblockchainweek K33 Research analyst Vetle Lunde has issued a contrarian bullish call, arguing that Bitcoin 's recent price weakness reflects excessive market panic rather than deteriorating fundamentals.
Lunde's Core Thesis
Market is overpricing tail risks:
Investors are fixating on hypothetical "distant threats," specifically:
Quantum computing fears: The theoretical risk that future quantum computers could break Bitcoin's encryption is being treated as an imminent danger.
Strategy divestment anxiety: Rumors that major institutional holders like MicroStrategy might sell their BTC holdings are driving fear, despite no evidence of such plans.
Market is underpricing bullish catalysts:
Simultaneously, investors are ignoring immediate positive developments:
401(k) integration: The potential inclusion of crypto in retirement accounts would unlock massive passive inflows from long-term savers.
Fed pivot: The Federal Reserve's shift toward a friendlier stance (signaling rate cuts) creates a favorable liquidity environment for risk assets.
The Conclusion
Lunde concludes that the probability of a sharp upside reversal significantly outweighs the risk of an 80% collapse. He identifies December as a potential turning point where sentiment realigns with fundamentals, potentially sparking a recovery rally as panic subsides.
This perspective suggests the current dip offers a buying opportunity for investors willing to look past short-term FUD (fear, uncertainty, and doubt).
