Cory Klippsten: Bitcoin is long-term exit from fiat
@coryklippsten: Bitcoin's long-term value
Institutional traders treating Bitcoin like tech stocks are causing short-term fluctuations, according to Cory Klippsten, CEO of Swan Bitcoin. Klippsten conveyed to Decrypt that these market movements should be considered mere ''short-term noise.'' While Bitcoin's price action might appear volatile, its long-term value proposition remains a significant exit from fiat currency systems.
The comment underscores a divergence in how Bitcoin is perceived by different market participants. While some traders are focused on immediate gains, Bitcoin advocates like Klippsten emphasize the digital asset's potential as a store of value and a hedge against inflationary pressures associated with fiat currencies.
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In the previous news, tweet author Cory Klippsten discussed crypto education efforts.
