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Bloomberg Analyst: Bitcoin's Pullback This Year is Normal Volatility, Maintaining Approximately 50% Annual Growth Rate
Summary: According to Bloomberg, ETF analyst Eric Balchunas stated that Bitcoin's performance this year is more of a natural pullback from the exceptionally strong surge in the previous year. Bitcoin has risen by 122% in 2024, about five times the increase of other assets, so even if it consolidates or experiences a slight pullback in 2025, ...
According to Bloomberg, ETF analyst Eric Balchunas stated that Bitcoin's performance this year is more of a natural pullback from the exceptionally strong surge in the previous year. Bitcoin has risen by 122% in 2024, about five times the increase of other assets, so even if it consolidates or experiences a slight pullback in 2025, as long as it maintains around a 50% annual growth rate, these 'cooling-off periods' are considered normal. He mentioned that the market's interpretation of Bitcoin's pullback is exaggerated, a common occurrence in traditional assets like stocks as well.
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Link: Bloomberg Analyst: Bitcoin's Pullback This Year is Normal Volatility, Maintaining Approximately 50% Annual Growth Rate [Copy]
