Bitcoin Reflects ‘Pessimistic Growth Outlook,’ Says Bitwise Report

Key Takeaways:
  • Bitcoin  BTC -4.83% reflects “most pessimistic global growth outlook” since 2020.
  • Bitwise Research links crypto pricing to macroeconomic trends.
  • Bitcoin prices influenced by global economic pessimism.

André Dragosch of Bitwise Asset Management reported that current Bitcoin prices reflect the most pessimistic global growth outlook since the pandemic and FTX collapse, based on survey data released November 29, 2025.

The report indicates significant macroeconomic pessimism, impacting Bitcoin as a barometer, with prices aligning with recessionary expectations and influencing cautious institutional sentiment towards cryptocurrency investments.

Bitwise Research highlights a bearish outlook for Bitcoin pricing linked to global growth pessimism. This assessment follows previous periods of economic stress, notably the FTX collapse and the 2020 pandemic downturn.

André Dragosch, serving as the European Research Director at Bitwise, emphasizes that Bitcoin pricing reflects recessionary expectations. His analysis draws on data from respected macroeconomic survey sources.

“Bitcoin is essentially pricing in a recessionary growth environment,” reflecting a level of global economic pessimism unseen since the FTX crisis and Covid-19 shock. — André Dragosch, European Research Director, Bitwise Asset Management

The community and market reaction show cautious sentiment. Bitcoin’s current trading price serves as an indicator of future market behaviors amid economic influences.

Financial markets are observing crypto valuations closely, with institutions possibly adjusting Bitcoin allocations. Bitwise forecasts suggest institutional portfolios may increase BTC allocation.

As Bitcoin prices fluctuate, crypto-assets like Ethereum  ETH -5.68% and Solana  SOL -6.58% remain influenced by broader economic trends. The ongoing macroeconomic climate could impact their future performance.

The report underscores potential outcomes for crypto-assets as economic conditions evolve. Historically unfavorable periods show potential parallels, highlighting Bitcoin’s role as a macroeconomic barometer and its connection to global economic conditions.

Otto Bergmanr

Otte Bergmar is a crypto journalist covering Scandinavian and European blockchain markets, with a focus on decentralisation, privacy, and the AI–crypto interface. He reports on Web3 startups, market structure, and EU policy; from licensing regimes to consumer protection and cross-border compliance. At TokenTopNews, Otte transforms policy drafts, regulatory disclosures, and on-chain data into actionable, decision-ready insights, helping readers understand how regulation influences blockchain adoption across Europe.