Bitcoin Pushes Past $40,000 as Cryptos Bounce Back From Selloff

“Bitcoin is infamously volatile, people are aware of that. I wouldn’t be dissuaded by it — it’s kind of a know feature of the system,” Nic Carter, founding partner at Castle Island Ventures, said on Bloomberg TV. “For something that is absolutely scarce, where there’s no possible supply response to changes in demand, it’s going to be very difficult to accommodate new inflows without that being expressed in volatility.”

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