is Bitcoin inherently speculative?

“when asked why animus uses bitcoin as a vehicle for generating returns rather than traditional assets, pace opined that bitcoin is “inherently speculative; it is inherently a psychology problem. the fact that narratives are impactful for individual trading behaviors means that those narratives then have a strong effect on the price and the story that underlies this asset. we’ve seen that this week with the [false] etf news coming out. an etf didn’t come out, it was just news about the etf that moved the market sharply.” ostensibly, their ai models for teasing apart that sentiment allows them to capitalize on these emotional bouts of volatility.”(https://bitcoinmagazine.com/culture/bitcoin-alpha-competition-winner-animus-technologies-awarded-1-million-in-seed-capital?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share)

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