**Bitcoin Decline: Reasons and Predictions**
**Reasons:**
- Rising global interest rates and inflation push towards safe assets like gold.
- Regulatory concerns (delay of Bitcoin ETF funds, government restrictions).
- High energy consumption in mining, and slow network.
- Competition from other cryptocurrencies and tech stocks.
- Panic selling and influence of large investors.
**Predictions:**
- **Positives:** Bitcoin scarcity (21 million), institutional adoption, halving event (2024).
- **Risks:** Regulatory tightening, hacks or scandals.
**Conclusion:**
The downturn reflects economic and legal pressures, but Bitcoin remains a leader. Recovery is possible with improved conditions, but volatility continues. Long-term investment is preferred.
