FinTech Magazine July 2024 | Page 143

“Historically , Bitcoin whales have demonstrated an ability to impact Bitcoin prices ”

JONATHON HUGHES HEAD OF EMERGING TECH , MDRX
If global interest rates remain high and ultimately result in a broad deleveraging event , this evaporation of speculative capital and demand for liquidity could be disastrous to Bitcoin ’ s price and volatility .
Ultimately , it is unlikely that Bitcoin will become a “ mature asset ” with moderated volatility and an investmentgrade risk profile in the near future . Its speculative nature , driven by investor sentiment and market dynamics , suggests that volatility will remain a core characteristic of Bitcoin for the foreseeable future .
Kapil Dhiman , Co-founder & CEO , Quranium says : “ Overall , while Bitcoin will likely remain volatile in the short term , these combined efforts in enhancing regulatory clarity , technological security , and institutional engagement could lead to a more stabilised market in the long run .
“ However , the exact trajectory of Bitcoin ’ s volatility remains uncertain , making continuous monitoring and adaptation essential for stakeholders in the cryptocurrency space .”
fintechmagazine . com 143