The soaring price can ease Bitcoin price volatility

Soaring price can ease the volatility of crypto
  • 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

- Advertisement -

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.

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Ahtesham Anishttp://www.thecoinrepublic.com
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Our Partners