According to Wu Blockchain, Bloomberg ETF analyst Eric Balchunas stated that Bitcoin's performance over the past year has essentially been a pullback from last year's extreme surge—Bitcoin rose 122% in 2024, about five times more than other assets. Even if its performance in 2025 is flat or declines slightly, as long as it maintains an average annual growth rate of around 50% over the long term, periodic cooling is normal; the same applies to stocks. The current market is overinterpreting this situation.

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