Bitcoin (BTC) is still too volatile to be a store of value, analysts believe. After the leading coin went through a boom-and-bust abbreviated cycle on Tuesday, there were signs that the asset could not offset the risk of other investments.
BTC moved up from the $11,500 range, peaking above $12,300, only to erase most of the gains overnight, returning to $11,500. The recent BTC price spike followed a slide on the stock markets. Additionally, US accusations against China of currency manipulation may have boosted a drive to digital assets.
However, BTC is still too volatile to protect value. In the past, B...