What factors affect bitcoin's 5% VaR?
What are the primary factors that contribute to the 5% Value at Risk (VaR) of Bitcoin? Is it mainly driven by market volatility, or do other factors such as regulatory changes, the influx of institutional investors, and network scalability play a significant role? How does the current economic landscape and geopolitical tensions influence Bitcoin's VaR? Additionally, could the adoption of Bitcoin as a mainstream payment method and the development of its underlying technology, the blockchain, have a significant impact on its risk profile?