One River Asset Management founder Eric Peters believes that bitcoin's (EXANTE: Bitcoin) volatility will decrease in a period of time as prices go higher. Particularly, Peters thinks new investors with strong hands will keep BTC's price more stable with the increase of adoption.
"There are all kinds of reflexive dynamics in these assets that ironically will lead to less volatility the higher they go," Peters told Bloomberg.
As the US market experiences uncertainty after the devastating effects of the COVID-19 pandemic, almost every big, creditable institution in the is having discussions about bitcoin, Peters added. He notes BTC is the "first and last asset class that will appear in our lifetime."
As iHodl reported in December, Brevan Howard, one of the largest macro hedge funds in the world, allegedly indirectly invested in cryptocurrencies through One River Asset Management. Eric Peters, One River Asset Management CEO, said that he founded a new company focused only on cryptocurrencies.
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