Stifel predicts bitcoin crash to $38,000. Yes, you read it right.

Stifel analysts predict bitcoin could fall to $38,000 using an analogy of the movie "The Curious Case of Benjamin Button" to explain the bearish forecast. What to know : Stifel analysts predict bitcoin could fall to about $38,000, using a trend line drawn through the lows of major crashes since 2010. The firm argues that bitcoin's relationship with the dollar and global money supply has flipped since 2025, with the cryptocurrency now weakening as the dollar strengthens and liquidity tightens. The analysts say bitcoin's growing correlation with Nasdaq and growth stocks, combined with the Federal Reserve's hawkish rate cuts and rising tech-sector borrowing costs, could deepen the current downturn.