Bobby Lee: Bitcoin’s Low Volatility is a Sign of Maturity
Bobby Lee, co-founder and CEO of a major Chinese bitcoin exchange BTCC, recently stated that the decreasing volatility rate of bitcoin is a sign of maturity which can be served as an evidence to prove that a store of value can, in fact, be digital in nature. Over the past year, the volatility rate of bitcoin has substantially decreased, moving down from 4.97% in the beginning of the year to 1.41% in December. Bitcoin gained further stability in 2016 as it overtook many reserve or national currencies in market cap. In the second half this year, the bitcoin industry received significant....
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The CEO of One River Asset Management believes BTC volatility will decline as its price continues to climb. Bitcoin’s (BTC) violent price swings could become a thing of the past as institutional buyers with stronger hands continue to push the asset higher, according to a prominent crypto whale. Eric Peters, the founder and CEO of One River Asset Management, told Bloomberg Thursday that Bitcoin’s path to maturity should help stabilize its price. “There are all kinds of reflexive dynamics in these assets that ironically will lead to less volatility the higher they go,” he said. “As the....
The International Bar Association did a fascinating interview with Bobby lee. We have summarised the 45 minute long interview for you. Bobby Lee, the owner of BTC China the largest and first Bitcoin exchange in China. Previously an engineering manager at Yahoo as well as the vice president of technology at Walmart. His brother, Charlie Lee is also the creator of Litecoin. Recently, a video came out where he was interviewed by Rebecca Lowe over at the International Bar Association. “Bitcoin is not a far leap from my background, so to speak. It is in the world of finance, but it is very much....
Bobby Lee is one of the most prominent members of the Bitcoin community and the co-founder and CEO of BTC China – the world’s largest Bitcoin exchange by volume in the post-MT. Gox world. The CoinTelegraph got a chance to interview Bobby Lee at Bitcoin 2014 Amsterdam to get his thoughts and expert opinion on the conference and Bitcoin’s outlook in China. Here are the questions we've asked: 1. What are your goals for this conference? 2. You mentioned in an interview last month that you are "not worried about things beyond your control". How is BTC China adjusting its business model in light....
Bitcoin volatility has fallen since 2011 and compared to the U.S. dollar currently sits at about 3-4 times higher than the Japanese yen, British pound, and euro. High volatility in the digital currency space has long been cited as a reason against adoption. But, as charts and analysis demonstrate, it is very likely that Bitcoin volatility is trending....