Bitcoin Still Viewed as Speculative Asset -- Market Talk

Dow Jones
02/17

1200 GMT - Bitcoin's recent volatility reinforces the view that it is a speculative asset rather than a stable digital form of money, MUFG Bank's Lee Hardman says in a note. Bitcoin isn't widely accepted for everyday transactions. Even when it is accepted, slow transaction processing times and high network fees during periods of congestion make it less practical than traditional currencies, he says. Bitcoin is therefore primarily held as a speculative asset. Bitcoin's extreme volatility means prices of goods and services are rarely denominated in the cryptocurrency, limiting its usefulness as a functioning monetary unit, he says. This volatility "also limits its effectiveness as a store of value." Bitcoin falls 1.6% to $67,769, LSEG data show. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

February 17, 2026 07:01 ET (12:01 GMT)

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