$BTC is a highly speculative & volatile asset. We often see Bitcoin compared to the S&P 500 but that's not a "like for like" comparison. Instead, something like the BUZZ/SPX is the correct stock market proxy for Bitcoin. The BUZZ ETF tracks more speculative and volatile stocks but it has been smashed lower in recent months. Bottom line: $BTC is trading where it should be. But we do believe a business cycle expansion is coming in 2026 which would benefit both the BUZZ ETF and Bitcoin.