By volatile, I don't just mean bouncy, I mean it may carry on falling below 20k every now and then. The swings may even increase over time.
I suspect that's awkward for corporate investors. Maybe that's a better word?
Discussion
As I can see, CEX are holding significant amounts of Bitcoin and Bitcoin-ETF exist, so you seem to overestimate the risk compared to how corporate investors see it.
I probably wasn't clear enough in what meant there. I'm sure you're right, but over the last year, bitcoin hasn't been particularly volatile.
I was looking at the scenario, what happens if it returns to its normal level of volatility? How does the corporate investor react in that case?