Rupert Thompson of the wealth management group Kingswood believes that Bitcoin is still not a suitable investment for mainstream portfolios, as its speculative nature makes it susceptible to significant price fluctuations. He stated that Bitcoin exhibits 'extreme volatility, and this price volatility is driven purely by speculation rather than any concept of inherent value.' Since Trump's victory in the U.S. election, Bitcoin has been the biggest winner, but it is important to remember that after significant rises in 2021 and 2022, it has experienced substantial declines over the course of a month or two. However, Thompson noted that Bitcoin is 'no longer the niche investment it once was.'
