Bybit Institutional Business Director: Bitcoin performs well in both risk-averse and risk-loving market sentiments

Eugene Cheung, head of institutional business at Bybit, said that Bitcoin is unique because it performs well in both risk-on and risk-off market sentiments. Although we currently only have historical data in a risk-on environment, it is enough to prove that Bitcoin has performed better than any other asset in the market. As inflation declines, we believe that funds previously invested in money market funds and short-term bonds may flow back into the market, and it is hard to deny that the price of Bitcoin will flourish in the future. In fact, as institutions such as traditional finance, pension funds and sovereign wealth funds continue to invest in cryptocurrencies, its investment value has become more obvious. Moreover, given the attractiveness of Bitcoin as an asset, the possibility of reverse price behavior or even investment bubbles in the future is higher.