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China-Based Investment Firm CEO Makes ‘Unique’ Bitcoin Warning

From forbes.com

Bitcoin has had an incredible start to 2020—perhaps even beginning to act as a so-called safe haven asset as U.S.-Iran tensions soar and the coronavirus spreads. The bitcoin price, up around 50% since the beginning of the year, has found a temporary floor just above $10,000 per bitcoin. However, the current bitcoin price status quo might be short-lived, the chief executive of China-based investment advisory group RockTree Capital has warned. "People in China have been sitting at home trading because there's nothing else to do," RockTree Capital's CEO Omer Ozden said, speaking from New York where he plans to stay until ... (full story)

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  • Category: Fundamental Analysis