Pierre Rochard cites Bitcoin’s fixed 21M supply and adoption as BTC reclaims $70K after U.S. inflation data.
Bitcoin has regained momentum in recent trading sessions, climbing back above $70,000 after a recent pullback.
Amid cautious market sentiment, Pierre Rochard said he is not selling, citing what he described as stronger Bitcoin fundamentals and the asset’s fixed 21 million supply.
Bitcoin Reclaims $70,000 After Inflation Data
Bitcoin recently dipped near $60,000 before rebounding above $70,000. The recovery followed cooler-than-expected U.S. inflation data, which eased pressure across risk assets.
The price movement occurred as investors adjusted expectations around monetary policy.
Market participants responded to the inflation report with renewed buying activity. Bitcoin’s rebound aligned with broader gains in digital assets.
Trading volumes increased during the recovery phase.
Despite the recent volatility, Bitcoin remains near historically elevated levels. The price action reflects ongoing sensitivity to macroeconomic data and liquidity conditions.
“Not Panic Selling”: Pierre Rochard on Bitcoin’s 21M Edge
Pierre Rochard, CEO of The Bitcoin Bond Company, addressed the recent market movements.
He stated that Bitcoin’s fundamentals have not weakened during the pullback. “That’s why I’m not panicking about selling,” Rochard said.
Rochard pointed to Bitcoin’s fixed supply of 21 million coins as a core factor.
The supply cap is embedded in the network’s code and cannot be altered without consensus. He described this structure as a defining feature of the asset.
He also referenced growing institutional participation in Bitcoin markets.
According to Rochard, institutional adoption continues to expand access and liquidity. He noted that these factors support his long-term outlook.
Related Reading: New Bitcoin Reserve Bill Proposes 0% Capital Gains Tax
Institutional Adoption and Market Sentiment
Institutional involvement in Bitcoin has increased over recent years. Asset managers and public companies have added Bitcoin exposure through various investment vehicles.
These include exchange-traded products and custody services.
At the same time, market sentiment remains cautious following recent volatility. Investors are closely monitoring economic indicators and central bank signals.
Price swings continue to reflect shifts in expectations around inflation and interest rates.
Rochard’s comments come during a period of renewed debate about Bitcoin’s role in diversified portfolios.
While short-term movements draw attention, he maintains that structural characteristics such as fixed supply and adoption trends remain intact.
Source: https://www.livebitcoinnews.com/not-panic-selling-pierre-rochard-on-bitcoins-21m-edge/
