Bitcoin backers are doubling down on their predictions of new all-time highs for the world’s largest cryptocurrency after shaking off the worst week for...
) backers are doubling down on their predictions of new all-time highs for the world’s largest cryptocurrency after shaking off a rout that sent the digital asset tumbling as much as 20% between Sunday and Monday.
Bitwise Asset Management CIO Matt Hougan also predicted new all-time highs later this year following the pullback earlier this week. Such a correction, in exaggerated lockstep with technology stocks, would appear to prove the opposite. On Monday US bitcoin ETFs saw net outflows of $168 million while volumes exceeded $5.2 billion, doubled compared to the previous day, according to preliminary estimates from JPMorgan.
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