Investors are increasingly exploring bitcoin as a legitimate asset class, though many still grapple with its unique dynamics.

Roundtable anchor Rob Nelson, alongside Steve Gutterman, CEO of Gryphon Digital Mining, addressed bitcoin's evolving perception among institutional players, treasury managers, and retail investors alike. Together, they explored the volatility and fundamental stability driving bitcoin’s current standing in the financial landscape.

"People get excited when [bitcoin] rockets up, then get depressed and sell off when it drops," Nelson observed, describing bitcoin’s volatility as fundamentally different from other assets. "I think it’s pretty stable now; the volatility is nowhere near what it used to be." Gutterman agreed, emphasizing that bitcoin’s "fundamentals are extremely favorable" and adoption is growing daily, though he warned that tracking it weekly may cause "some heartburn."

Nelson highlighted that "major institutional players" and sovereign wealth funds are investing in bitcoin ETFs, creating more widespread access. According to Nelson, large firms like BlackRock are actively marketing the asset, giving retail investors greater exposure. “We're seeing a massive influx... just in the U.S. into bitcoin,” Nelson added, underscoring the increasing encouragement financial advisors are giving clients to consider a small allocation in their portfolios.

Adding to the institutional interest, Gutterman mentioned that some corporations are now considering holding bitcoin in their treasuries.

"Just a couple of days ago, there was news that Microsoft is contemplating holding some of its treasury in bitcoin," he said, reflecting a shift toward what he described as "a level of acceptance and ubiquity” that would have been unthinkable just a few years back.