Bitcoin ETFs Might Make Crypto More Like the S&P 500. Why That's a Bad Thing.
Bitcoin is acting more and more like the S&P 500, an analyst says. But looking like the stock index is actually a bad thing for the crypto.
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Bitcoin is acting more and more like the S&P 500, an analyst says. But looking like the stock index is actually a bad thing for the crypto.
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A JPMorgan analyst and his team "see greater potential for cryptocurrency ETF enthusiasm to further deflate."