BlackRock's digital assets head: Leverage-driven volatility threatens bitcoin’s narrative

BlackRock's head of digital assets has expressed concerns that leverage-driven volatility could undermine Bitcoin's narrative as a stable store of value. He noted that excessive borrowing and speculation in the crypto market can lead to significant price swings, which may deter institutional investors. The executive emphasized the importance of regulatory clarity to foster a more stable environment for digital assets. He also highlighted that while Bitcoin has potential, its current volatility poses challenges for its adoption as a mainstream financial asset.

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