Bitcoin (BTC) maximalist Max Keiser wants you to stop freaking out about price swings. His advice on Monday? Think of Bitcoin like an eel.

The Eel Analogy

In a post on X, Keiser drew a colorful comparison between Bitcoin and the snake-like fish. An eel's head stays on course while its tail whips around chaotically. The lesson for crypto investors is straightforward: "With Bitcoin, ignore the volatility tail and focus on the direction the head is going: Up," said Keiser, who serves as senior Bitcoin adviser to El Salvador President Nayib Bukele.

It's the kind of advice you'd expect from someone who predicted back in 2011, when Bitcoin was trading around $1, that it would eventually hit $100,000. His early advocacy and relentless enthusiasm have made him a prominent voice in the crypto community.

The Bull Case Persists

Keiser isn't alone in maintaining an optimistic outlook. Fundstrat co-founder and Head of Research Tom Lee recently argued that Bitcoin is far from finished, predicting a rebound that could push the cryptocurrency to new all-time highs by January 2026.

This bullish perspective comes even as Bitcoin sits in the middle of a severe correction that has dragged prices to levels not seen in nearly seven months. The leading cryptocurrency has retreated more than 31% from its all-time highs set in October.

But zoom out, and the picture looks different. Over the past two years, Bitcoin has surged by 112%. Over five years, it has increased by 350%. That's the head of the eel Keiser wants you watching.

Flight to Quality in Crypto

Meanwhile, investor and media personality Kevin O'Leary noted that the crypto market is experiencing a concentration of capital. Investors are focusing more on Bitcoin and Ethereum (ETH) in the current environment, with altcoins no longer bouncing back after corrections the way they used to.

At the time of writing, BTC was trading at $87,019.83, up 0.55% in the last 24 hours.