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Bloomberg ETF analyst: Bitcoin rose 122% last year, and returning to the mean this year is a normal trend.
Odaily News Eric Balchunas, a senior ETF analyst at Bloomberg, stated that Bitcoin's rise of 122% last year, far exceeding traditional risk assets, did not trigger market skepticism; the slowdown in growth this year is a normal regression to the previous excessive gains. He noted that, based on a two-year average performance, Bitcoin still recorded a return of about 50%.
BTC-0.25%
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