Why Bitcoin Can’t Rise Higher: Top “Players” on Wall Street Point to the Reason
JPMorgan Chase has recently released a research report, roughly meaning: “Bitcoin is currently being protected by many people using short positions and hedges.”
By contrast, after markets broadly expected that the Fed would raise interest rates, gold saw a big rally.
The core reason is: the “nature of use” for these two assets is different.
When people are less afraid and hedge positions are removed, Bitcoin could rise even more strongly than gold.
#比特币突破77000美元
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JPMorgan Chase has recently released a research report, roughly meaning: “Bitcoin is currently being protected by many people using short positions and hedges.”
By contrast, after markets broadly expected that the Fed would raise interest rates, gold saw a big rally.
The core reason is: the “nature of use” for these two assets is different.
When people are less afraid and hedge positions are removed, Bitcoin could rise even more strongly than gold.
#比特币突破77000美元
Follow me, and I’ll share more trading insights
