Bitcoin experienced short-term declines due to sales by miners, the German government, and ETF outflows.

Currently, while BTC is beginning to recover after dipping below $59,000, bullish predictions persist despite the general bearish sentiment in the market.

Speaking on CryptoLawTV with Lawyer James Murphy and Custodia Appellate Lawyer Michelle Kallen, Custodia Bank CEO Caitlin Long made significant comments about Bitcoin.

Caitlin Long, a prominent CEO, asserted that Wall Street will eventually integrate Bitcoin into the financial system. She predicted that once Wall Street adopts Bitcoin, it will trigger the largest short squeeze in history.

Despite recent declines, Caitlin Long maintained an optimistic outlook, predicting a major bull run for Bitcoin before the US presidential elections.

Long noted that although the current price has dropped, BTC's fundamentals remain strong. She forecasted a significant increase in Bitcoin's value in October, highlighting that month as a pivotal time for growth.

She added that the recent declines are typical, explaining that miners often sell after a halving to sustain operations, and BTC prices historically drop after each Bitcoin halving. #Bitcoin❗ #bitcoin☀️ #BTC☀ #btcupdates2024 #Cryptocurrencies