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Bitcoin halves off peak; Strive\'s Matt Cole and Binance founder Changpeng Zhao urge no panic

Bitcoin is down about 50 percent from its peak last October, prompting Strive CEO Matt Cole and Binance founder Changpeng Zhao to urge calm. Zhao said on X that the bear market would not last long and there was no need to panic. Strive bought 32 bitcoin for about $2.1 million. Bernstein attributed weaker inflows to capital shifting into AI, with 2026 inflows falling to about $12 billion from $60 billion in 2025.