Has Bitcoin entered a new normal?
Bitcoin has been experiencing low volatility recently, which could fuel greater adoption by enabling the cryptocurrency’s use as a medium of exchange.
As for whether this will actually materialize, analysts have offered mixed views.
Nigel Green, founder and CEO of independent financial consultancy deVere Group, forecasted that bitcoin’s modest price fluctuations will probably prompt greater use of the digital currency.
While the digital currency’s price fluctuations have been “relatively modest” as of late, “volatility will return again,” he predicted.
“However, there is a growing sense that crypto sector will have less extreme swings moving forward,” emphasized Green.
“This is likely to further drive mass adoption.”
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