The speaker expresses caution on Bitcoin's immediate trajectory due to liquidity concerns, but maintains a long-term bullish outlook. They note that while some pure-play software companies have been hit hard, Bitcoin's performance is distinct. The current dip is attributed to a lack of new capital and potentially a self-fulfilling prophecy of the four-year cycle. The speaker believes the four-year cycle's impact is lessening, but it still has a psychological effect. They suggest that as gold and silver have outperformed, Bitcoin might also catch a bid, similar to how it has performed previously. The speaker has been generally bearish on most crypto outside of Bitcoin and stablecoins, seeing a lot of that as overvalued. However, they believe in dollar-cost averaging into Bitcoin, expecting it to outperform stocks in the long term, particularly in 2026-2027. They emphasize that Bitcoin's volatility is a feature, not a flaw, especially when the long-term trend remains upward, and that moments like these are opportunities to buy strategically.