Bitcoin's price has taken a hit in recent weeks, down by around 21% in just one month.
This decline has led to renewed calls for investors to sell and abandon ship, but some experts argue that this narrative is overly pessimistic.
The biggest concerns right now are the outflows from Bitcoin exchange-traded funds (ETFs), which have reached $4.4 billion across 13 straight sessions - the longest streak since the ETFs launched in 2024.
Additionally, there's a macro backdrop of rising inflation, geopolitical uncertainty, and an exuberant stock market driven by hype around AI stocks and upcoming IPOs, making it tough for an old cryptocurrency like Bitcoin to attract new investors.
However, proponents argue that these issues are short-term and non-permanent, and don't affect the fundamental value of the coin. The supply of Bitcoin remains capped at 21 million BTC, and its scarcity will continue to drive prices over quarters and years, not just months.