Fed Governor Waller: Crypto Dips and Crashes Are Normal

Federal Reserve Governor Christopher Waller has commented on the recent volatility in the cryptocurrency market, stating that dips and significant crashes are a normal occurrence. Waller noted that the perception of Bitcoin’s value has evolved over time, highlighting that years ago, a price of $10,000 for Bitcoin would have been considered astonishing. His remarks come amid ongoing fluctuations in the crypto market, underscoring the inherent volatility of digital assets.