Bitcoin Updates: Bitcoin Drops Amid Uncertainty, 2026 Optimists Remain Resilient Through Crypto Downturn

Bitcoin’s sharp drop below $85,000 in late November has triggered concerns about a potential deepening of the bear market, but some prominent voices remain confident in its future. Robert Kiyosaki, known for writing "Rich Dad, Poor Dad" and as a prominent

supporter, recently liquidated his $2.25 million Bitcoin position, which he had purchased at $6,000, to invest in new businesses such as surgery centers and a billboard venture. Despite selling, Kiyosaki maintained his positive outlook, . His decision came during a broader market downturn, with Bitcoin before recovering to $84,000.

November saw Bitcoin’s troubles deepen,

, the largest since their inception. BlackRock’s IBIT led the withdrawals, losing over $2 billion, while ETFs also saw $1.79 billion redeemed. The selloff resulted in Bitcoin’s monthly decline exceeding 23%, its steepest drop since 2022, as leveraged trades and macroeconomic pressures—such as diminishing expectations for Federal Reserve rate cuts—intensified market anxiety. The Crypto Fear & Greed Index , indicating “extreme fear.”

Bitcoin’s immediate obstacles are worsened by underlying structural problems. Open interest in perpetual futures has

, suggesting reduced institutional activity. Meanwhile, analysts at Bitfinex believe the recent outflows and price drops are signs of short-term stress rather than a lasting change in demand. Veteran trader Peter Brandt by 2029.

The conflicting signals in the market highlight the struggle between short-term instability and long-term promise. While Kiyosaki and Brandt foresee Bitcoin eventually breaking into six figures, significant obstacles remain. Regulatory oversight, economic unpredictability, and the aftereffects of the October liquidation—which erased $19 billion in leveraged positions—

.

With Bitcoin trading near crucial support, attention is turning to new initiatives aiming to reshape the crypto sector. Their progress could mark the beginning of a new phase where privacy and institutional involvement go hand in hand, even as traditional investors contend with ongoing market challenges.

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