Liquid Capital founder 易理华 said Bitcoin (BTC) has shown more resilience than U.S. stocks during the current bull market, while warning that U.S. equities may continue to decline.
易理华 assessed Republicans as likely to lose control of both chambers of Congress and described the election outlook in Texas as precarious. He tied that political outlook to the possibility of further declines in U.S. stocks.
He said Bitcoin showed demand for a rebound during an approximately 40-day pullback but had not reached the level he considered ideal. He also cited the Binance shock and what he characterized as President Donald Trump’s midterm-election defeat as headwinds for Bitcoin.
易理华 described the broader external environment as almost entirely bearish while maintaining that Bitcoin had been more resilient than equities. In an earlier discussion, he also connected the approaching midterms with the potential for larger market swings.
