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Bitwise Says Bitcoin Remains Poised for Growth Despite Drop From $80K, Sees Debt Crisis as Catalyst
Jun 1, 2026
< 1 min read
by Abdulkarim Abdulwahab
for The Crypto Basic
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Bitwise's May report notes Bitcoin briefly climbed above $80,000 but could not sustain that level, underscoring ongoing crypto market volatility and price risk. The firm says Bitcoin remains poised for growth and views a global debt crisis as a potential catalyst for increased adoption and upward price pressure, with implications for institutional flows and broader crypto markets.
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Bitwise recently published a report examining Bitcoin’s performance in May. The report noted that Bitcoin climbed above $80,000 during the month but struggled to maintain that level.
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