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3232Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
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Tue, 06 Aug 2024 09:45:38 +0000https://www.digit.info/financial-analyst-states-bitcoin-is-not-a-hedge-against-anything/Read more]]>Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell under $50,000 on August 5th, as the Japanese stock market also took […]
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell under $50,000 on August 5th, as the Japanese stock market also took […]
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