Blockstream CEO Adam Back believes that the recent decline in Bitcoin's price is not entirely without benefit, as it favors the upcoming Bitcoin Standard Treasury (BST) project. Bitcoin's price has fallen more than 40% from its peak, and Back pointed out that the lower pre-listing price allows BST to buy more Bitcoin, potentially making it the third-largest Bitcoin treasury in the world by holdings. He attributes the current market weakness to retail investors "betting everything," lacking the funds to add investments during market downturns, which is quite different from traditional funds that can reallocate assets.
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Blockstream CEO Adam Back believes that the recent decline in Bitcoin's price is not entirely without benefit, as it favors the upcoming Bitcoin Standard Treasury (BST) project. Bitcoin's price has fallen more than 40% from its peak, and Back pointed out that the lower pre-listing price allows BST to buy more Bitcoin, potentially making it the third-largest Bitcoin treasury in the world by holdings. He attributes the current market weakness to retail investors "betting everything," lacking the funds to add investments during market downturns, which is quite different from traditional funds that can reallocate assets.