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Why Bitcoin May Soon Outpace Other Famous Assets
Bitcoin has subjected investors to a wild ride over the past couple of months, betraying historically favorable seasonality to start the fourth quarter while notching steep losses. In better news, the largest cryptocurrency appears to have found its footing as it traded above $90,000 for much of the week ending December 5. Bitcoin’s recent price action could portend foundations of a rebound — a scenario that would benefit ETFs such as the Coinshares Valkyrie Bitcoin Fund (BRRR). Some market observers suggesting bitcoin could be nearing a run of out-performance against other well-known asset classes. That ... (full story)