Bitcoin As a Speculative Asset Versus a Long Term Investment

Bitcoin Hype Casualties in 2024

Bitcoin Hype Casualties in 2024

Bitcoin popped up by 10% in the days prior to the SEC giving an OK to ETFs that will track the spot price of Bitcoin. After the OK was given, Bitcoin fell by 20% over the following ten days. Bloomberg noted that as Bitcoin ETF hype wanes there are more Bitcoin ETF hype casualties than just the token itself.

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