. A 2021 study of institutional investors found that seven in 10 expected to buy or invest in digital assets in the future.
Amid this disruption, users of public blockchain platform Solana have reportedly voted to temporarily take control of a so-called “whale” account – the platform’s largest at around US$20 million – to stop the account owner from liquidating its positions and driving prices down even further. Recently, popular metrics, including market value to realised value , suggest bitcoin is about to start an accumulation period based on past history. On the other hand, this may be an indication of confirmation bias as investors search for signals that confirm their beliefs.
Some of these economists, including former US secretary of labour Robert Reich, have equated cryptocurrencies to Ponzi schemes that, unless regulated, will go the way of all such schemes and eventually collapse.DIMINISHING VALUE AS A DIVERSIFICATION TOOL? The recent US launch of a short Bitcoin ETF, which enables investors to gain from declines in the bitcoin price, will allow investors to hedge their positions and trade against bitcoin.
1/ Similar unbalanced commentary comes around at every bear market. Doesn’t seem to add context that (a) markets move in cycles (see attached), (b) Bitcoin has made gotten higher highs and higher lows with each cycle, (c) compare with fiat currency consistently being inflated..
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »