Institutional Analysis: Bitcoin's decline cannot be attributed to Musk, he is more of a stock market startup.

According to a report by Jinshi, inspections of companies have shown Bitcoin to have fallen below $ 50,000 and many have criticized Musk's exchange. However, the loss of Bitcoin is much more than that. Ironically, Bitcoin's decline came after data prices rose in the United States. Bitcoin enthusiasts claim that cryptocurrencies are a potential inflation hedging asset, but in reality there is no proven amount to prove that there is real interest or an applicable inflation breakeven point. to digital funds. In contrast, Bitcoin is a very profitable tool driven by the prospect of major adoption and future use, which remains unknown. It's like a product in the tech industry.