Bloomberg: Bitcoin is experiencing a “crisis of faith”
Bitcoin is experiencing a “crisis of faith” after falling more than 40% from its all-time high and its market capitalization shrinking by approximately $1 trillion, according to analysts surveyed by Bloomberg. They estimate the market sees no new growth catalysts. Experts note that Bitcoin is facing increasing competition from alternative assets. Gold is strengthening its position as a safe haven, stablecoins are dominating payments, and prediction markets, including Polymarket, are attracting speculative capital. Analyst Noelle…
