“With institutions and more advised assets entering the space, volatility will decline,” said David Abner, global head of business development at Gemini, a crypto exchange and custodian. “We’ll see more stability. Recently, bitcoin set a new baseline around $40,000 and it’s now bounced above it. What I see is that more and more investors are positioned with a long-term outlook. We see lower volumes on sales during downdrafts over time, that means that many are either holding (or HODLing) or adding to their positions.”
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