Bitcoin crashes shrink, Wall Street takes notice

Bitcoin's recent downturns have been significantly less severe, averaging around 50% compared to previous cycles' 80-90% drops. Analysts suggest this indicates a maturing market structure and increased liquidity, driven by growing institutional participation. While some strategists still warn of potential significant price declines, others argue that Bitcoin's expanding scale, integration into ETFs, and strong long-term risk-adjusted returns make such extreme collapses less probable. This shift is leading some to view Bitcoin less as a speculative bet and more as a tool for portfolio efficiency, enhancing returns and Sharpe ratios with minimal added risk.