Adam Back, CEO of Blockstream, compared selling Bitcoin to gambling in a 'bad house-rate casino' due to the volatile nature of the market.
Bitcoin's extreme volatility and bull-bear market cycles have posed challenges for traders, with corrections exceeding 80% in the past.
Despite the high volatility, long-term Bitcoin investors have been rewarded with significant returns, with BTC showing over 39,000% in the last 10 years.
Factors supporting upward price momentum for Bitcoin include growing institutional interest, companies acquiring Bitcoin, and government entities exploring crypto initiatives.