The current Bitcoin cycle will continue in ‘some form’ as ‘human emotions’ are the main catalyst behind the asset’s performance.
This is what Saad Ahmed, head at Gemini, said during Singapore’s Token2049 event, where he discussed Bitcoin’s volatility, the main historic catalysts, and what the future holds.
According to Ahmed, Bitcoin’s volatility is the result of FOMO-related speculation, as investors profit off of $BTC’s dips. However, things are changing thanks to the growing institutional support, which has a direct impact on $BTC’s volatility.
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