Fidelity’s Jurrien Timmer on the trade off that came with easy Bitcoin access
Jurrien divides Bitcoin’s holder base in two. There are believers, who hold because they believe, and then there’s whoever arrived once the ETFs made buying simple. That second wave was the adoption story people had hoped for, and to a good extent it delivered. What came with it is the part worth sitting with. Lower the friction on any asset and you don’t just attract people who’ve thought carefully about it, you attract fast money, which has no allegiance to anything. It buys what’s rising and leaves the moment that stops being true.
#Bitcoin #ETFs #Markets #Macro #Fidelity
Powered by WPeMatico
