As Bitcoin (BTC-USD) has returned to the $90,000 mark after experiencing significant volatility in recent months, Bullish CEO and former NYSE president Tom Farley said the cryptocurrency’s price fluctuations will continue to be a source of anxiety for investors.
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Reduced institutional buying, such as MicroStrategy scaling back acquisitions, has lowered incremental demand, increasing volatility.
Security remains a top risk due to DeFi protocol hacks, but major security breaches have declined and centralized exchanges are becoming more trustworthy.
Farley remains optimistic, expecting major financial assets to move onto blockchain technology and sees Bitcoin as a maturing institutional asset.
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