Bitcoin's Future Outlook: Recapturing Previous Highs or More Volatility?

Bitcoin's future is a topic of ongoing debate among investors and experts. A recent article in The Globe and Mail explores the potential future of Bitcoin, predicting that it could recapture its previous highs and possibly push new ones in the next three years.

The article suggests that Bitcoin's trend of behaving like a risk asset will continue to impact its price. This is due to its rising correlation with equities, which means that a drop in investor sentiment could pressure both asset classes simultaneously.

However, the article also notes that mainstream institutional investors are becoming increasingly comfortable with crypto, and Bitcoin's trusted brand helps it stand out. This could lead to increased adoption and reduced volatility as stable deep-pocketed institutions become more influential.