Bitcoin's Down Over 50%, But The Thesis Isn't Broken, Industry Veteran Says: Watch These Catalysts

Article summary

Alex Blume says Bitcoin's nearly 19% monthly decline has not undermined its long-term fundamentals, despite weakness caused by slowing purchases from Strategy and capital rotating into AI. Blume identifies three potential catalysts for a recovery: renewed price momentum, a revival of the four-year cycle narrative, and passage of the CLARITY Act.