Bitcoin's Stability Threatened by Volatility Driven by Leverage, Warns BlackRock's Digital Assets Head
Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.
BlackRock's digital assets chief has raised concerns about the impact of leverage-driven volatility on bitcoin's reputation as a stable investment.
The increasing use of leverage on crypto derivatives platforms has led to wild price swings in the market, posing a threat to bitcoin's narrative as a reliable hedge against economic instability.
Speaking on the risks associated with excessive speculation, the digital assets head at BlackRock urged caution and emphasized the importance of responsible trading practices to maintain bitcoin's credibility in the long run.
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