"Bitcoin, No Bear Market for the Next Few Years"

There has been a claim that Bitcoin (BTC) will maintain a bull market for several years.

According to Cointelegraph, a media outlet specializing in cryptocurrencies, on the 25th (KST), David Bailey stated on X (formerly Twitter) that "sovereign states, banks, insurance companies, corporations, and pension funds will come to hold Bitcoin," and asserted that "there will be no Bitcoin bear market for the time being." Bailey previously served as a cryptocurrency advisor to President Donald Trump.

Bailey further emphasized, "Bitcoin still does not occupy even 0.01% of the total addressable market (TAM)," adding, "Large-scale institutional demand will begin in earnest."

In fact, over the past two years, the inflow of institutional funds into Bitcoin has been increasing. Analyzing data from Bitcoin spot ETFs and companies holding Bitcoin reveals that, in the past two years, at least $100 billion in institutional funds has flowed into Bitcoin.

However, some experts have presented opposing views.

Breed, a U.S. venture capital firm, reported in June that "most corporate Bitcoin reserve strategies will not be sustained," predicting that this could trigger a bear market.

CK Jung, Chief Investment Officer (CIO) of ZX Squared Capital, stated, "Crypto assets still have a high correlation with the stock market, so if stocks enter a bear market, crypto could follow suit." However, he added that "since there is a high probability the Federal Reserve will lower interest rates, the chance of entering a bear market in the short term is low."