Sometime in late October, Bitcoin’s price skyrocketed from $44,000 to over $38,000. The cryptocurrency has been on a steady upward trend, driven by a number of factors, including anticipation of the U.S. Securities and Exchange Commission’s (SEC) final decision on the Bitcoin Spot ETF application in January.

Although the cryptocurrency has experienced a positive rally, the price of BTC has recently fallen to $40,000 from a 2023 high of over $44,000. Senator Elizabeth Warren’s anti-crypto statement on Monday along with a bill aimed at tightening crypto regulations.

Marcus had pessimistic comments about Bitcoin's recent price swings due to an unexpected price drop, stating that the cryptocurrency is "reviving."