Short-term defense vs. long-term optimism: How top investors navigate the "two-sided argument" in market forecasts

【Blockchain Rhythm】Recently, something interesting happened in the crypto circle—a team’s internal market outlook actually “clashed.” The chairman of BitMine said in an interview that Bitcoin might hit a new all-time high before the end of January next year. In response, the company’s digital asset strategy head, Sean Farrell, quickly released a report claiming that Bitcoin would fall to $60,000–$65,000 by the first half of 2026, and Ethereum would also decline to $1,800–$2,000.

At first glance, this seems quite contradictory. However, the chairman’s subsequent explanation is quite interesting—he pointed out that this isn’t really a disagreement. How so? His side mainly focuses on macro perspectives, such as long-term cycle judgments and liquidity trends. Meanwhile, Sean Farrell is responsible for micro-level operations like crypto model portfolios and spot allocations, emphasizing capital flows and risk management.

In other words, they’re not talking about the same thing. One is thinking “the market will go up in the long term,” while the other is focused on “hedging risks in the short term.” Short-term defensive strategies and long-term optimism can actually coexist—depending on which time frame you’re looking at. This logic is quite worth pondering, especially for asset management institutions that need to participate in the market while managing risks.