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Institution: Bitcoin Still Has a Long Way to Go Despite Widespread Adoption

Summary: According to reports, Hargreaves Lansdown analyst Matt Britzman stated that despite Bitcoin recently hitting an all-time high, Bitcoin still has a long way to go in terms of widespread adoption. He highlighted the key risk of volatility, stating that until trading becomes more stable, its use as a mainstream wealth storage method will always be ...

According to reports, Hargreaves Lansdown analyst Matt Britzman stated that despite Bitcoin recently hitting an all-time high, Bitcoin still has a long way to go in terms of widespread adoption. He highlighted the key risk of volatility, stating that until trading becomes more stable, its use as a mainstream wealth storage method will always be questioned. Additionally, cryptocurrencies as risky assets may face pressure from geopolitical conflicts. Other risks include the possibility of large holders of Bitcoin (known as Bitcoin whales) selling off assets, as well as regulatory uncertainties.

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