Blockstream CEO: BTC decline aligns with past 4-year cycles

Blockstream CEO Adam Back has stated that the recent decline in Bitcoin's price is consistent with past four-year market cycles, which typically see a downturn at this stage. Speaking at the iConnections conference in Miami, he said the current volatility is not surprising and reflects Bitcoin's inherent nature rather than a flaw in its theory, CoinDesk reported. "Volatility is just part of the overall picture," he explained, suggesting that some market participants may be trading based on historical patterns rather than reacting to fundamentals. Back added that ETF holders are more loyal than individual Bitcoin traders. He noted that retail investors usually deploy capital when prices are rising, leaving them with little capacity to invest during a downturn. In contrast, institutional investors can rebalance their portfolios, he said.