Bitwise's Bradley Duke on whether Bitcoin’s pullback presents a buying opportunity

Bitwise Asset Management European head Bradley Duke talked with Proactive's Stephen Gunnion about Bitcoin’s recent price weakness, institutional demand trends, and the company’s latest European exchange listings. Duke explained that Bitcoin is currently trading around $67,000, representing a significant drawdown from its previous all-time high of approximately $125,000–$126,000. He attributed the initial sell-off to a combination of macro catalysts, including market reaction to tweets by Donald Trump, as well as expectations around Bitcoin’s historical four-year cycle. According to Duke, Bitcoin has historically delivered three strong years followed by one weaker year, leading some long-term holders to “front run the cycle” by selling ahead of what was expected to be a softer period. He also highlighted a broader macro “risk-off” sentiment impacting tech stocks and metals, adding that crypto is often viewed as an extension of tech. However, Duke pointed to strong institutional support as a key underpinning for the asset. He noted that ETF buyers, ETP investors, and public companies holding Bitcoin as a treasury asset have continued to purchase more Bitcoin than the newly mined supply entering the market, in some periods, “about double the current new supply.” Reflecting on previous downturns, Duke said investors who remained unemotional and bought during the 2018 and 2022 drawdowns saw significant long-term gains, adding: “Well, the boat came back to shore.” Beyond market commentary, Duke outlined Bitwise’s recent listings on Nasdaq OMX Stockholm, Borsa Italiana, and XETRA Deutsche Börse, including its Bitcoin and gold ETP, BTCG. For more expert insights on crypto markets and investment trends, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe to the channel, and enable notifications so you never miss future updates. #Bitcoin #CryptoMarkets #BTC #CryptoInvesting #Bitwise #BitcoinETF #InstitutionalInvestors #DigitalAssets #CryptoETP #MarketAnalysis #Blockchain #GoldAndBitcoin #XETRA #NasdaqOMX #Investing