Blockstream CEO Adam Back stated that the 25% decline in Bitcoin so far this year is partly due to retail investors "all-in," lacking idle funds to buy the dip during the sell-off. He pointed out that this has created a structural downside weakness for Bitcoin, in stark contrast to institutional investors who can reallocate funds from other assets. Back defended Bitcoin treasury companies, saying their accumulation strategies support Bitcoin's price. He believes the current decline is a short-term reaction to macroeconomic uncertainty and will not affect Bitcoin's long-term independent trajectory.

BTC-1.96%
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