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Author: Admin | 2025-04-28
As it becomes more institutional and as the ETFs provide more-permanent buy pressure."There's not a lot of uncertainty left about bitcoin. It became a key financial asset. It achieved its destiny, and now that it's there, I think there'll be slower growth but also less downside volatility," he said, though he didn't rule out some potential for mania. Bitcoin dipping by nearly 10% hours after hitting an all-time high would suggest mania is still in the equation.The overarching theme of bitcoin remains what it's always been: It's volatile, and with that volatility comes risk."Bitcoin has always exhibited a fair amount of what we call momentum trading, which is that once it starts to move, people jump on the train for fear of missing out," Yermack said. "And this works in two directions."The ride up has some familiar elements. The bitcoiners claim victory, the naysayers wag their fingers, and at some point a friend from high school texts to ask if crypto is a good way to make quick money — a sign the peak is near. The ride down looks similar, too. The people who didn't buy in laugh at the ones who did, and a cast of characters come out to declare the crypto endeavor is dead. Rinse and repeat.Investors are back on the bitcoin roller coaster — and it looks as if they might be there, riding its ups and downs, in perpetuity.Emily Stewart is a senior correspondent at Business Insider, writing about business and the economy. Business
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