Altcoins.Deals - Cryptocurrency Prices and Market Capitalization logo Altcoins.Deals - Cryptocurrency Prices and Market Capitalization logo
Seeking Alpha 2021-12-09 06:28:58

BITO: Bearish Bitcoin Trend Adds To Problems Facing Crypto ETFs

Bitcoin crashed over the past two weeks as the inflation outlook declined.Since last year, U.S. small caps, Bitcoin, and the inflation outlook have traded in lock-step as investors look to avoid exposure to monetary devaluation.Bitcoin is no longer benefiting from the increase in money supply as short-term borrowing rates skyrocket and the Fed begins slowing purchases.Investors would be wise to avoid Bitcoin ETFs like BITO until the "contango" fades from the futures market.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.