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Analyst: Bitcoin’s recent surge may have given investors a false sense of security
Editor
2024-11-29 23:32:01 3,810
Golden Finance reported that George Milling-Stanley, chief gold strategist at State Street Global Advisors, believes that Bitcoin’s recent surge may have given investors a false sense of security. Milling-Stanley said, “Bitcoin is, simply put, an investment looking for a return, which suggests that investors are pouring into Bitcoin for capital gains rather than because they see value or use in it.” Last week. The launch of options based on spot Bitcoin ETFs, which allow investors to put down smaller amounts of cash to bet on Bitcoin's price movements rather than buying Bitcoin itself, may have something to do with this.
Keywords: Bitcoin
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