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"Early Bitcoin Architect Adam Back: BTC Has Never Failed, Pain Is Just the Cost of Growth" (Author: Helene Braun; Translated by Deep Tide TechFlow)
Adam Back stated that the recent correction in Bitcoin does not signify a collapse of its long-term logic, but rather aligns with its four-year cycle fluctuation characteristics.
Despite the improvement in ETF and policy environments, institutional funds are still in the early stages and have not fully entered the market.
Back believes that as institutions, enterprises, and sovereign funds gradually adopt Bitcoin, its volatility will tend to stabilize, and it may, like early Amazon stocks, complete long-term maturity amid high volatility.
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