A Top Analyst Just Broke Down Some of the Biggest Bitcoin “FUD”

Despite its growth and adoption over recent years, Bitcoin is still far from understood and looked down on by much of Main Street and Wall Street. In a May call entitled “Implications of Current Policies for Inflation, Gold, and Bitcoin,” two executives at Goldman Sachs discussed BTC. According to leaked slides of the client call, the two were not optimistic. They purportedly said that Bitcoin does not generate cash flow, does not “provide consistent diversification benefits given their unstable correlations,” and does not hedge against inflation. This call is the…

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When This Signal Appeared in 2015, Bitcoin Rallied 2,000%. It’s Back

It’s been a quiet past few weeks for Bitcoin. After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s. Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500 is the exact region Bitcoin faltered at in February, prior to the crash to $3,700. Yet a crucial on-chain signal that appeared at the start of three previous bull runs has just been seen. Related Reading: U.S. Congressman…

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