Bitwise advisor: The sell-off in bitcoin is not due to strategy, but because funds are shifting to hot targets such as SpaceX and Anthropic.
BlockBeats news, on June 4, Bitwise advisor Jeff Park posted on social media stating that he does not believe the sell-off of Bitcoin was due to Strategy (MSTR) selling Bitcoin.
Jeff Park believes that Bitcoin is more likely being used to provide liquidity for upcoming trending trades in the market, such as SpaceX, Anthropic, and other assets that investors suddenly "must hold." This suggests that the breaking of these correlations in the future will itself become a new driving force.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Brazil’s crude oil output surged to a record high in June, with non-OPEC producers unexpectedly becoming the “stabilizer” of the global oil market.
In June of this year, Brazil's crude oil production reached a record high. The continuous growth in supply from oil-producing countries distant from the Middle East has, to some extent, mitigated the impact of the conflict in Iran on the global energy market.
DIC makes eighth straight year in FTSE4Good ESG index series
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
