Bitcoin needs small wins to be a true alternative asset

Bitcoin’s price has surged from 84,000 USD to approximately 91,328 USD, reflecting a 2.85% increase over 24 hours.

Eric Balchunas from Bloomberg emphasizes the necessity for Bitcoin to achieve small consistent wins to be recognized as a true alternative asset in the financial market.

Despite the optimistic outlook, caution remains as there were still 146 million USD in outflows recently, underscoring investor wariness.

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