Several factors are contributing to that lackluster performance, including rising interest rates, declining appetite for high-risk assets, and geopolitical tensions. Bitcoin's recent performance shows an inverse relationship with the increase in long-term Treasury bonds, with yields rising during periods of inflation. It's the most widely accepted cryptocurrency at merchants worldwide, and wealthy individuals, including sports stars and billionaire investors, are starting to allocate a portion of their net worth to crypto, which means Bitcoin is likely here to stay.