Bitcoin's Fate Determined by Critical Date: Expert Warns of Contagion Risk

Bitcoin is still considered a speculative asset and not a reliable hedge against inflation or the dollar, warns Rebecca Patterson, a senior fellow at the Council on Foreign Relations. The crypto market's potential for contagion to other financial sectors is a real risk, with MicroStrategy at a critical threshold ahead of MSCI's decision on January 15. The increasing involvement of traditional financial institutions and public companies in the crypto market could increase volatility.