- Bitcoin price surge will simultaneously ease the token’s volatility
- Late last year’s crypto surge has attracted several institutions, and such institutions have played a significant role in the token’s performance
- An asset like Bitcoin is scarce to find, as the future of finance is digital currencies only
Bitcoin is the most famous crypto token in the world. The token is mainly popular due to its tremendous performance but is known as the most volatile crypto asset. However, the famed volatility can decline with the rise in the price level of the assets. According to Eric Peters, the chief executive officer of One River Asset Management, a crypto whale, has claimed that the rise in the price of tokens like Bitcoin can ease the token’s volatile nature.
Bitcoin at higher price levels will have lower volatility
In an interview with Bloomberg at The Year Ahead Conference, Peter stated that crypto-assets like Bitcoin have all kinds of reflective dynamics. Such dynamics ironically will lead to less volatility, as the price goes higher. Peters explained that as the price goes higher, new types of investors have stronger hands. Notably, some level of volatility will remain constant. Additionally, he also highlighted that almost every more significant financial institution in the United States discusses the token. However, as per Peters, digital currency is the first and last asset class that has appeared in our lives.
The recent crypto surge has attracted institutions
Last year, following the Bitcoin market surge, several institutions entered the market, which has been labelled as an anti-establishment. According to Peter, he had partnered with Alan Howard, the co-founder of Bravan Howard Asset Management and acquired more than $600 million worth of cryptos. The total acquired tokens by only Peters has now exceeded $1 billion. Indeed, the expansion has been created by the global COVID-19 pandemic, which exceeds what anyone had ever imagined.
BTC is something that is found very rarely
According to Peters, to find an asset like Bitcoin is very rare, as it allows individuals to capitalize on the future upside. Although while the alleviation is a downside, then also the token allows capitalizing on the future upside. Additionally, the future of finance is digital. On the other hand, after achieving a new all-time high earlier this month, the token fell severely and dropped less than the price level of $30k. However, now the token has again started to surge and at press time trading near the level of $37k.
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