Bloomberg ETF Expert: Bitcoin Remains a High-Risk Investment Asset

ETF Failed to Curb Market Volatility

Bloomberg ETF analyst Eric Balchunas recently shared his deep reflections on Bitcoin's market performance after BTC ETF launches. He acknowledged that while BTC ETF investors have proven more rational than expected, market volatility hasn't decreased as initially anticipated.

Previously, he speculated that ETFs would attract more mature retail investors, replacing speculative money from platforms like FTX and bringing market stability. However, reality has deviated from this assumption.

• Bitcoin OGs (original holders) are selling in large quantities
• ETFs haven't delivered expected stability
• 450% rally over two years signaled danger

Bitcoin Still High-Risk Asset

Eric noted that while he originally believed long-term Bitcoin holders (OGs) who survived multiple market cycles would maintain their positions, this hasn't proven true. He emphasized that Bitcoin remains in the high-volatility, high-risk asset category, with no fundamental change expected in the foreseeable future.

This analysis provides valuable reference for investors, reminding them to maintain rational judgment and risk awareness amid the crypto market frenzy.