[Bloomberg Analyst: Bitcoin Still Classified as a High-Volatility, High-Risk Asset] BlockBeats News, February 8th, Bloomberg ETF analyst Eric Balchunas posted on social media stating, 'The judgment that BTC ETF investors would be more "resilient" than people imagined is correct, but my previous assumption that market volatility would decrease was wrong. I had thought that the retail investors brought in by ETFs would replace the "dumb money" type of retail investors from the FTX era, thereby stabilizing the market. However, what I failed to consider was the massive sell-off by Bitcoin OGs. I originally believed that they had endured multiple rounds of extreme market conditions and would continue to HODL. Additionally, the 450% increase over two years should itself have been a warning sign—it rose too much, too fast. We have never changed our stance on BTC—it is still classified as a high-volatility, high-risk asset, and will likely remain so for the foreseeable future.'