Bitcoin's recent price fluctuations have left many investors feeling uneasy, but experts urge calm. Roundtable anchor Rob Nelson discussed the issue with Aaron Arnold, host of Altcoin Daily, and Jon Najarian, co-founder of Market Rebellion. Their insights provide a clearer picture of the factors driving bitcoin's volatility and why it might not be as alarming as it seems.

Rob Nelson kicked off the discussion by highlighting the common concern about bitcoin's dramatic price movements. He pointed out that bitcoin's price can swing from $71,000 to $52,000 and back up to $60,000, reflecting significant volatility in a relatively young asset. He asked Arnold and Najarian to share their thoughts on this phenomenon.

Arnold responded by noting that bitcoin's recent price action, while volatile, is not out of the ordinary. "Bitcoin dumped hard recently, but actually more recently bitcoin's up," he said. He emphasized that bitcoin has been on an upward trend in the past few weeks, rising by 25%. Arnold attributed this surge to a combination of increased buyer interest and several narrative catalysts. He mentioned prominent figures like Larry Fink and Trump's VP pick, both of whom have shown support for bitcoin, as well as the anticipated ethereum ETFs and potential rate cuts.

Nelson then turned to Jon Najarian for his perspective on how bitcoin's volatility compares to traditional financial markets. Najarian explained that those familiar with SEC-regulated products, such as the Big Seven stocks, would recognize similar volatility patterns. He pointed out that bitcoin's volatility had doubled from the June lows, moving from around 1% to over 2%. Najarian attributed this increase to the growing support for bitcoin among influential figures like Donald Trump and Silicon Valley leaders.

Najarian predicted that if this trend continues, bitcoin could reach new highs, potentially hitting $85,000 to $90,000 per bitcoin as the election approaches. He highlighted that the surge in interest and the backing of high-profile supporters are significant drivers of bitcoin's recent performance.