Although the consensus is that scarcity could drive prices higher, Nikolaos Panigirtzoglou, an analyst with the American banking giant has warned that rising illiquidity could propel sharp negative prices. He wrote:
Panigirtzoglou did not specify whether his predictions would affect the long-term price of Bitcoin.
BlackRock’s CEO Larry Fink had earlier shared similar sentiments when he said that Bitcoin needed to prove itself as a store of wealth. Although the CEO of the world’s largest asset manager did not express concerns about Bitcoin liquidity, he was more worried about volatile prices caused by “small-dollar investments.”
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Source: Cryptocurrency - investing.com
