"FT Cryptofinance: Bitcoin needs a story to sell"

Bitcoin prices have been steadfastly earthbound since June’s crypto credit crunch rather than going to the moon.

“Big asset managers are now under more pressure to provide crypto to their clients . . . the prices are easier to stomach and sophisticated investors know you buy after a massive crash,” Aaro Capital chief executive Peter Habermacher told me. “We don’t see bitcoin as digital cash. Traditional fiat and stablecoins are better means of payment.”

Read the  full article at: https://www.ft.com/content/14cfb2cb-79f4-4ef9-ad08-11264175ed9f?FTCamp=engage%2FCAPI%2Falert%2FChannel_signal%2F%2FB2B (Please note the paywall)