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

BlackRock's head of digital assets, Greg Becker, has warned that leverage-driven volatility poses a significant threat to Bitcoin's narrative as a stable store of value. He emphasized that excessive leverage in the crypto market can lead to sharp price fluctuations, undermining investor confidence. Becker noted that while Bitcoin has potential, its reputation is at risk due to these market dynamics. He called for better risk management practices within the industry to mitigate these issues.

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