Summary
- Adam Back, CEO of Blockstream, compared selling Bitcoin to 'a game with bad odds.'
- He emphasized the extreme volatility and continuous upward trend of Bitcoin, stating that selling with the expectation of a decline is disadvantageous.
- Bitcoin experiences extreme volatility during its rapid growth phase, but this is a stage before full adoption.
"Selling Bitcoin (BTC) is like playing a game in a casino with bad odds."
On the 27th (local time), according to the cryptocurrency-focused media outlet Cointelegraph, Adam Back, CEO of Blockstream, expressed this view in an interview.
Specifically, he explained, "Bitcoin shows extreme volatility and a continuous upward trend," adding, "Selling with the expectation of a decline is a game with bad odds." He also noted, "Assets that show rapid growth are bound to experience extreme volatility until they are close to full adoption."
Uk Jin
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