Bitcoin Price Decline Seen as Part of Four-Year Cycle

Adam Back, CEO of Blockstream and one of the earliest figures in Bitcoin's history, has spoken about the current price decline. According to him, the drop is consistent with past four-year market cycles.

The price of Bitcoin has fallen approximately 26% over the past year, despite a more crypto-friendly U.S. policy environment and spot ETF launches. This raises questions about whether Bitcoin's core case as a hedge against currency weakness is still valid.