K33: Bitcoin market concerns are exaggerated; policy shift opens up room for medium-term gains.

According to Odaily Planet Daily, Vetle Lunde, Head of Research at K33, pointed out in his December market outlook report that several of the biggest fears facing Bitcoin are distant, hypothetical issues rather than immediate threats, such as quantum risk and potential Strategy selling BTC. While Bitcoin is experiencing its most severe correction since the 2022-23 bear market, the current wave of panic is driven by exaggerated long-term risks rather than any direct structural threats. Derivatives glut, concentrated selling by long-term holders, and a wide supply distribution are catalysts that led the market to recent lows. However, a series of medium-term policy and structural developments could significantly enhance Bitcoin's prospects, such as the new 401(k) retirement plan guidelines expected by US regulators in February 2026, allowing the allocation of cryptocurrencies in the $9 trillion retirement market.