Sept 8: Bitcoin Prints a Golden Cross, but $83K Still Has to Break
Podcast Summary
Bitcoin has printed a golden cross and ETF demand remains strong, but Matt still considers the market sideways until Bitcoin either clears roughly $82,000 to $83,000 or loses $75,000. Oil approaching $100, the 10-year Treasury yield above 4.8%, uncertainty surrounding the Fed and questions about whether ETF demand has altered Bitcoin’s traditional four-year cycle all complicate the outlook. Meanwhile, Robinhood’s growing blockchain business and Metaplanet’s sharp decline demonstrate both sides of the leveraged exposure investors can get from Bitcoin-adjacent companies.
The…
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