Part 3/20:
Rob echoed Cohen's bearish bias, underscoring that macroeconomic headwinds, including aggressive Federal Reserve interest rate increases and tight monetary policy, create a challenging environment for risk assets like Bitcoin. He referenced statistical patterns indicating that low volatility phases often precede declines, but also expressed hopefulness by pointing to investor behavior. A majority of Bitcoin holders (about 60%) have held their assets for over a year, suggesting that long-term conviction may limit drastic sell-offs.