{"id":7173,"date":"2024-03-17T06:15:10","date_gmt":"2024-03-17T06:15:10","guid":{"rendered":"https:\/\/demo5.dedicatedhost247.com\/zexo\/bitcoin-may-start-to-lose-its-reputation-as-a-volatile-asset-heres-why\/"},"modified":"2024-03-17T06:15:10","modified_gmt":"2024-03-17T06:15:10","slug":"bitcoin-may-start-to-lose-its-reputation-as-a-volatile-asset-heres-why","status":"publish","type":"post","link":"https:\/\/demo5.dedicatedhost247.com\/zexo\/bitcoin-may-start-to-lose-its-reputation-as-a-volatile-asset-heres-why\/","title":{"rendered":"Bitcoin may start to lose its reputation as a volatile asset. Here’s why"},"content":{"rendered":"


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Bitcoin may start to lose its reputation as a volatile asset.<\/p>\n

According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade.<\/p>\n

“What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge<\/a>” on Monday. “We have this huge new source of demand from these ETFs, and we have supply that’s inelastic.”<\/p>\n

On Jan. 11<\/a>, the first bitcoin exchange-traded funds began trading<\/a>. Since then, the asset is up more than 50%. Bitcoin<\/a>