Sean Stein Smith, a member of the advisory board of the Wall Street Blockchain Consortium, pointed out that this Bitcoin pullback is more like a cyclical clearing than the end of the industry.

According to ME News, on February 6th (UTC+8), Sean Stein Smith, a member of the advisory board of the Wall Street Blockchain Consortium, published an article in Forbes titled "Bitcoin's Decline Is Not the End of Cryptocurrency." He pointed out that while Bitcoin's decline from its 2025 high to below $70,000 has sparked concerns about a "Crypto Winter," he believes this is more of a cyclical correction than the end of the industry. Institutional participation is still progressing, and he stated that even if Strategy experiences temporary "paper losses," there is no pressure for margin calls or forced selling. (Source: ME)