May 20, 2021
Bitcoin and other cryptocurrencies bounced back Thursday, recovering some of the losses seen during a major sell-off a day earlier.
Experts give their thoughts on what that fall in the cryptos means for the future of the space.
Sean Horgan, equity research analyst at Rosenblatt Securities, weighs in on the positive aspects of volatility.
“Volatility is not all bad for an exchange, right? When there’s more volatility, there’s more engagement, more MTUs, monthly transaction users, there’s more trading volumes and that means more revenue, so I actually don’t think it’s all negative in the short term and it’s certainly not in the long term.”