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Bitcoin ETFs Saved BTC PriceCoinGape
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57% Informative
Bloomberg analyst Eric Balchunas claims that BlackRock and Bitcoin ETFs have saved Bitcoin price severally.
He asserted that Bitcoin natives are the cause of the coin's declines not these traditional investors.
The Bloomberg analyst has outlined a theory suggesting that the asset manager may be shorting BTC with these IOUs, leading to the coin’s decline at different times.
At the time of writing, Bitcoin is trading at around $60,000 .
VR Score
31
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14
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49
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English
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