Bitcoin’s sharp decline — nearly 50% from its all-time highs reached just months ago — has reignited debate over the cryptocurrency’s stability, but hedge fund veteran Gary Bode says the selloff is a feature of the asset’s inherent volatility rather than a sign of a broader crisis. In a post on X, Bode noted that while the recent price drop is “unpleasant and jarring,” it is not unusual in bitcoin’s history. “80% - 90% drawdowns are common,” he said. “Those who have been willing to stomach the always-temp ...