Bitcoin-Led Crypto Rout Continues
Speakers
Ven Ram
— Markets Live Reporter/Strategist, Bloomberg
Summary
The segment discusses the ongoing crypto rout led by Bitcoin, which has fallen sharply despite a crypto-friendly U.S. administration. Ven Ram argues that Bitcoin and other cryptocurrencies lack intrinsic value, so there is no fundamental support level when prices fall. He rejects the digital-gold and inflation-hedge narrative and calls crypto a speculative asset.
- Bitcoin and crypto have sold off sharply, with Bitcoin down about 40%.
- The decline has occurred despite a crypto-friendly Trump administration.
- Ven Ram says Bitcoin was touted as digital gold, a store of wealth, and an inflation hedge.
- He argues crypto is now clearly a speculative asset.
- Without intrinsic value, falling crypto has no clear fundamental support level.
- The lack of support is framed as a major problem for crypto coins.
Ideas
Bitcoin lacks intrinsic value and support.
Bitcoin and other cryptocurrencies were pitched as digital gold, a store of wealth, and an inflation/debasement hedge, but they are speculative assets with no intrinsic value. Since holders can only sell to another buyer, when prices fall there is no fundamental level to point to as support, which is a major problem for crypto coins and helps explain why Bitcoin has not fared well despite a crypto-friendly Trump administration.
Up Next
This Bloomberg Markets video, published February 04, 2026, features Ven Ram discussing BTC, Cryptocurrencies. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Ven Ram · Tickers: BTC, Cryptocurrencies