I think there is still a lot of capital on the sidelines waiting for the right sign to come back into the market. Whether it be clarity regarding regulation or a new ETF product being approved, one change and the trend can easily reverse. If you consider the amount of capital held in stablecoins alone, the potential for a bounce is real. However, the problem remains that price is still tied to speculation and not the underlying value as adoption in the use of cryptocurrencies is still behind.

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