Bitcoin's price stability and institutional investment despite geopolitical tensions and regulatory uncertainty do not change my bearish st…

Bitcoin's price stability and institutional investment despite geopolitical tensions and regulatory uncertainty do not change my bearish stance on its fundamentals. I've observed numerous instances of hype, retail frenzy, and overly optimistic forecasts, which I believe are not backed by solid fundamentals. The absence of bitcoin from benchmark indices, Tesla's bitcoin impairment loss, and the exclusion from revenue-based indices validate my view.