Bloomberg ETF analyst: Bitcoin rose 122% last year, and returning to the mean this year is a normal trend.

Odaily News Eric Balchunas, a senior ETF analyst at Bloomberg, stated that Bitcoin's 122% rise last year, which far exceeded traditional risk assets, did not raise market doubts; the slowdown in its rise this year is a normal return to the previous excessive increase. He noted that, based on a two-year average performance, Bitcoin still recorded a return of about 50%.