TechFlow news: During the Australia Blockchain Week, Michael Shaulov, CEO and co-founder of Fireblocks, told Cointelegraph in an interview that institutions are entering the market discreetly for trading, enabling them to execute transactions almost without impacting prices. Despite substantial capital inflows, these institutions are smart enough to accumulate Bitcoin slowly using algorithms that do not drive up the market. In contrast, 50% of the market's growth comes from retail investors, whose relatively simple participation tends to cause significant price volatility.
Shaulov pointed out that Bitcoin's core feature lies primarily in its limited supply, meaning large-scale purchases will eventually affect the market. Current narratives around Bitcoin are rapidly evolving: Is it a hedge against inflation? Is it a public reserve currency? Can it protect against government financial mismanagement?
He believes Bitcoin is an "ultimate insurance asset." It possesses all the necessary attributes required during times of deterioration. As an asset independent of governments, it is natively digital and easily transferable. Regardless of whether its value is $15,000, $20,000, or $60,000 within this fluctuating range, holding a sufficient amount of Bitcoin enables one to weather difficult periods.
