Summary
- Eric Balchunas, a Bloomberg ETF analyst, said Bitcoin has recently fallen but is up 300% compared to the time of last year's ETF launch.
- He emphasized that the annual gain also reaches 80% and said it is not yet time to worry about a decline.
- As of the afternoon of the 5th, Bitcoin was down 2.18% from the previous day, trading at $102,151.
As many investors voice concerns over Bitcoin(BTC)'s recent weakness, a claim has emerged that it is not yet a stage to worry.
On the 5th (Korean time), Eric Balchunas, a Bloomberg ETF analyst, wrote on X (formerly Twitter), "Bitcoin has recently fallen, but compared to the time last year when ETFs were launched, it is still up 300%," adding, "The annual gain also reaches 80%. Calm down."
As of 9:19 p.m. that day, Bitcoin was trading at $102,151, down 2.18% from the previous day, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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