Why crypto investors are still bullish on bitcoin amid declines

Yahoo Finance Video and Brian Sozzi

Fri, February 13, 2026 at 12:29 AM GMT+9

In this video:

BTC-USD

+1.76%

With the 2026 Bitcoin Investor Week conference underway, the cryptocurrency (BTC-USD) hovers a notch below $68,000 per token on Thursday. B. Riley Wealth chief market strategist Art Hogan and Yahoo Finance Senior Reporter Ines Ferré weigh in on why investors are still bullish on the crypto asset amid its steep sell-off from its record high reached in October 2025.

To watch more expert insights and analysis on the latest market action, check out more Opening Bid.

Video Transcript

00:00 Speaker A

Should investors that still own a Bitcoin or other cryptos, should they be freaked out by what’s happened?

00:06 Anthony

Well, I’ll tell you this. and I think the the important point that Pump made was that the original apostles of of Bitcoin are certainly feeling confident because they they know the kind of volatility that Bitcoin can have. It that very often has 50 and 60% downdrafts. The new entrants that he also referenced don’t know that. And and that’s probably if that kind of uh volatility uh doesn’t help you sleep at night, then perhaps you shouldn’t have a large allocation here. And what has happened with the Bitcoin uh spot ETFs that came out a year ago, we do have a lot of new entrance. So there’s a lot of folks that said, now that I have access to this, ease of use, I can put this in my portfolio. And I think that’s where you’re seeing a lot of selling pressure coming in is like, you know what, we didn’t sign up for this. We don’t like 50% drawdowns on a regular basis, and we’re not believers anymore. So I think that’s part of that volatility. I think the spot ETFs brought in a whole new group of investors that weren’t ready for this.

00:54 Speaker A

And as you cover crypto, every day I I have you on here, you talk about crypto and a little bit of gold. Haven’t investors already freaked out?

01:03 Speaker B

Uh, some investors have, but uh look, I thought what was interesting about Anthony’s comments were he mentioned Larry Fink and some of the bigwigs that are uh in uh the space now and that wasn’t the case perhaps a few years ago. and but also what he mentioned was, don’t forget this is to protect your wealth, to protect purchasing power. And I think that that’s really the key when it comes to investors that are looking at crypto and that have been going into crypto over the last couple of years, especially the newer investors is why are you in it? It’s because you want to protect your purchasing power. and that was his point there.

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