10x Research’s Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.” Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. Spot Bitcoin ETFs in the…
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Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a…
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