Crypto advocates call for calm after Bitcoin’s ‘volatile’ week ends in modest gains – DL News
- Volatility in crypto markets is “nothing new,” says Coinbase chief.
- Crypto continues to “eat” traditional financial markets, expert adds.
- Hedge fund manager says Bitcoin will be long-gone in 100 years’ time.
Crypto advocates say Bitcoin’s price slide is just a temporary blip in an otherwise upward trajectory.
Bitcoin prices continued on a modest upward trajectory on February 8, rising by around 3% day-on-day to just about $71,000 at the time of writing. But this followed a sharp drop on February 6, which saw prices tumble close to the $60,000 mark.
“Every time Bitcoin drops by 10%, the haters jump in, crowing that it’s just a digital pet rock with no value,” the hedge fund manager and founder of the Deep Knowledge Investing…
