#BTC Head of Digital Assets Division at BlackRock stated that BTC's fundamental indicators remain strong. However, excessive speculation, particularly on leveraged derivative trading platforms, introduces instability that threatens the asset's role as a serious portfolio hedging tool. While BTC's long-term value as a "global, scarce, decentralized monetary asset" remains intact, its short-term behavior increasingly resembles a "NASDAQ with leverage," which could deter conservative investors from entering this market segmen.