Bitcoin Still Viewed as Speculative Asset -- Market Talk

Dow Jones

Feb 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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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. 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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 17, 2026 07:01 ET (12:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1611","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612451590","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612451590","pubTimestamp":1771329660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","BITX":"2倍比特币期货ETF-Volatility Shares","BITO":"比特币期货ETF-ProShares","BTC":"Grayscale Bitcoin Mini Trust","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"比特币仍被视为投机资产——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"BTC":1.97,"BITO":0.6,"BITX":0.6},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 17, 2026 07:01 ET (12:01 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}