Institution: Bitcoin Adoption Still Has a Long Way to Go

Hargreaves Lansdown analyst Matt Britzman stated that after Bitcoin recently surged to a new all-time high, there is still a long way to go for widespread adoption of Bitcoin. He said the key risk is volatility. Until trading becomes more stable, its use as a mainstream wealth storage option will always be questioned. In addition, cryptocurrencies as risky assets may also face pressure from geopolitical conflicts. Other risks include the possibility of large holders of Bitcoin selling their assets, as well as regulatory uncertainty.