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Behind bitcoin's big fall: Investors aren't willing to buy into the wild ride

From finance.yahoo.com

Bitcoin's biggest problem isn't regulation or even volatility — it's that most investors aren't ready to embrace the roller coaster. "What we're seeing in crypto is that it's revealing itself to still be just a primarily speculative asset," Tom Essaye, founder of Sevens Report Research, told Yahoo Finance's Opening Bid. "I think a lot of investors thought that it's maturing beyond just a speculative asset, but it's not there yet." Positive policy signals, including a pro-crypto stance from the Trump administration, have fueled optimism, but the market's recent slide shows fundamentals are still lagging. Bitcoin has ... (full story)

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  • Category: Fundamental Analysis