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Crypto Whale One River Says Volatility to Ease as Prices Rise

  • Hedge fund’s holdings of digital assets now exceed $1 billion
  • Says there is growing demand for institutional adoption
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Crypto Whale One River 'Astounded' by Institutional Interest
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The famed volatility of cryptocurrencies such as Bitcoin will decline over time as prices for the digital assets move higher, according to Eric Peters, chief executive officer and founder of One River Asset Management.

“There are all kinds of reflexive dynamics in these assets that ironically will lead to less volatility the higher they go,” Peters said in an interview during Bloomberg’s The Year Ahead conference. “As the prices are going higher, you are drawing in new types of investors with stronger hands,” noting that some level of volatility will likely remain.