Miller Tabak: Hard To See A Sustained Bitcoin Rally

🚨 🚨 #Miller #Tabak: It’s difficult to call a bottom [bitcoin], even more so with this one, because its rally was fueled so much by young people who had never invested in anything before. Crypto is a liquidity asset right now, so as long as the Fed is tightening, it’s going to be hard for it to see a sustained rally. Second, the asset class has lost a lot of confidence with investors, so it’s going to take time for it to regain that confidence”
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