Wall Street rallies as Iran tensions cool, expert calls panic sellers ‘uneducated'
Wall Street rallies as Iran tensions cool, expert calls panic sellers ‘uneducated’ originally appeared on TheStreet.
Bitcoin has slipped from a recent high of $112,000 to $105,094 as per Kraken’s price feeds, triggering waves of uncertainty among retail investors.
But for seasoned investors in the decentralized asset, the real question isn’t why Bitcoin fell, it’s why it didn’t soar.
"It’s uneducated panic sellers,” said Will Heckman, Chief of Staff at TheStreet Roundtable in a conversation with Chris Smith, Senior Vice President, Strategic Partnerships at TheStreet Roundtable. “Anyone who truly understands Bitcoin and the decentralized currency should know that when governments are in chaos, when currencies are in chaos, Bitcoin is like a fallback point. So anyone who’s panic selling here, they need to get educated.”
The world has certainly been in chaos lately. With the U.S. bombing Iranian nuclear sites and oil markets bracing for impact, you’d expect Bitcoin — a supposedly non-sovereign asset — to thrive. But it hasn’t. While gold has seen a modest rally, Bitcoin has been slipping.
Join the discussion with Scott Melker on Roundtable.
“Why during war does gold go up, but Bitcoin doesn’t?” asked Chris Smith, VP of Strategy at Roundtable. “Does it make any sense at all?”
According to Heckman, not really.
“Gold’s finite, governments don’t have control of it, and that’s what gives it value in times of chaos,” he said. “People need to view Bitcoin the exact same way — and I don’t think they do right now. It’s moving with the general market, and it should not be.”
That misunderstanding, they argue, is creating short-term volatility — but not necessarily a long-term problem. Historically, Bitcoin has experienced sharp pullbacks of 10%, 20%, even 30% — only to surge to new highs.
Join the discussion with Scott Melker on Roundtable.
“We saw Bitcoin go up to $112K. It’s back down to $99K,” said Smith. “Do you think that’s part of the bull cycle? Or are we slipping into a bear market?”
“I don’t think we’re in a bear market,” Heckman responded. “And honestly, the bottom is not too far away. Bitcoin never goes below the previous market’s all-time high, which is about $70,000. We’re at $99,000. That’s only about 30% away. But I think there’s a lot more upside than downside.”
As for what could send prices plummeting back to that $70,000 level?
“Some sort of black swan,” Heckman said. “I mean, we just went from $110,000 to $99,000 — and a couple missiles later.”
Wall Street rallies as Iran tensions cool, expert calls panic sellers ‘uneducated’ first appeared on TheStreet on Jun 24, 2025
This story was originally reported by TheStreet on Jun 24, 2025, where it first appeared.
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