Everyone is convinced that we've entered a digital assets bear market!
But we asked industry leaders, funds & traders what the bear thesis is, and there isn't a lot of substance.
In this week's "That's our Two Satoshis" via @arca, we debunk each one:
ar.ca/blog/crypto-ma…
But we asked industry leaders, funds & traders what the bear thesis is, and there isn't a lot of substance.
In this week's "That's our Two Satoshis" via @arca, we debunk each one:
ar.ca/blog/crypto-ma…
Bear theses that we refute include (1-5):
1) CCP regime change is intent on killing digital assets
2)Massive regulatory pressure from the US
3) The Fed will be tapering soon and that is bad for risk assets
4) Retail momentum and interest is dead
5) Lack of institutional interest
1) CCP regime change is intent on killing digital assets
2)Massive regulatory pressure from the US
3) The Fed will be tapering soon and that is bad for risk assets
4) Retail momentum and interest is dead
5) Lack of institutional interest
Bear theses that we refute include (6-10)
6) ESG concerns
7) Tether, Celsius, BlockFi, Binance risk
8) Microstrategy is going to be a forced seller of Bitcoin
9) Grayscale (GBTC) unlocks are going to crush the market
10) Digital asset fundamentals are deteriorating
6) ESG concerns
7) Tether, Celsius, BlockFi, Binance risk
8) Microstrategy is going to be a forced seller of Bitcoin
9) Grayscale (GBTC) unlocks are going to crush the market
10) Digital asset fundamentals are deteriorating
If there are other bear market theses that we missed, please let us know and we'll try to address those as well.
ar.ca/blog/crypto-ma…
ar.ca/blog/crypto-ma…
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