Widespread Bitcoin Adoption Is Still Some Way Off — Market Talk

Widespread adoption of bitcoin is still a long way off, Hargreaves Lansdown's Matt Britzman says, following the cryptocurrency's recent surge to record highs. The key risk is volatility, he says. "Until trading becomes more stable, its use as a mainstream store of wealth will always come into question." There is also the prospect of geopolitical flare-ups weighing on cryptocurrencies as risky assets. Other risks include the potential for large holders of bitcoins, known as bitcoin whales, to offload the asset, as well as regulatory uncertainties. Bitcoin falls 2.3% to $117,417 after reaching an all-time high of $123,153 Monday, according to LSEG. (renae.dyer@wsj.com)