Bitcoin just experienced its worst quarterly performance since 2011, returning -58% in Q2.In terms of catalysts for a market turnaround, the macro picture is getting better. If interest rates stop going higher and stabilize, equities and other risk assets would also stabilize.We expect the next bull market will be driven by consumer applications and institutions buying for long-term portfolios. It will take a better macro-economic backdrop to get to the next bull market.Bitcoin trades based on macro-economic conditions more than on fundamentals. In my opinion, this is good. User adoption and wallet numbers nevertheless keep growing.To help investors make sense of the current Bitcoin (BTC-USD) volatility and what to watch for next, our digital assets thought leaders share their perspectives in this Q&A.Bitcoin just experienced its worst quarterly performance since 2011, returning -58% in Q2. In light of Bitcoin’s bear market - and overall negative sentiment pervasive in the crypto space - we asked our digital assets thought leaders to share their insights and outlook. Q: What do you attribute Bitcoin’s current bear market to? What do you anticipate is the catalyst for the market to turn around?Matthew Sigel, Head of Digital Assets Research: Bitcoin is facing strong headwinds as tightening monetary and fiscal policies are shortening investor time preferences precisely at the midpoint between Bitcoin halving cycles, when the ...