Bloomberg analysts: Historical data shows that both BTC and US stocks have hit new highs after each pullback.
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According to ME News, on February 6th (UTC+8), Eric Balchunas, Senior ETF Analyst at Bloomberg, wrote on the X platform that a fact that short sellers or pessimistic market observers may find difficult to accept is that both traditional stocks and Bitcoin have historically maintained a record of recovering from significant pullbacks and ultimately reaching new all-time highs—a near-perfect record. While this time may be different, it is currently an undeniable fact, which is why it's generally advisable to avoid blindly following the crowd during market downturns. (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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