[Analysis] "Bitcoin, Long-term Upward Trend Expected"

Recently, an analysis suggested that the decline in Bitcoin (BTC) will not last long.

On the 28th (local time), Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated on his X (formerly Twitter) that "over the past decade, when the S&P500 Index (SPX) fell by more than 2%, Bitcoin fell by an average of 2.62%."

He continued, "A year later, Bitcoin rose by an average of 189%, while gold rose by 7%. The current situation is not much different. Bitcoin will be in a downward trend in the short term, but will rise in the long term."