Bloomberg Analyst: Historical Data Shows BTC and US Stocks Hit New Highs After Every Pullback

Odaily According to a post on X by Bloomberg senior ETF analyst Eric Balchunas, a fact that bears or pessimistic market views may be reluctant to accept is that both traditional stock markets and Bitcoin have historically maintained a record of recovering from significant pullbacks and eventually reaching new all-time highs. This is almost a "100% perfect record." Perhaps this time is different, but for now, it is indeed an indisputable fact, which is why he tends to avoid blindly following the trend during market downturns.