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Top Bloomberg analyst credits Saylor and ETFs for Bitcoin's stunning rally

TheStreet
Summary
Nutrition label

69% Informative

Eric Balchunas says spot Bitcoin ETFs were the real catalyst behind the surge from $ 30,000 to $ 70,000 .

He argues that ETFs make crypto investing far more accessible.

He also believes ETFs helped clean up the damage left by FTX scandals like FTX .

VR Score

58

Informative language

47

Neutral language

77

Article tone

semi-formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

3

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