Bitcoin ‘to keep bleeding against stock market’ as cycle wraps: Analyst
Bitcoiners hoping for a big rotation from gold and silver might be chasing the wrong signal, says Benjamin Cowen.
Bitcoin’s price downtrend may not be as short-lived as many holders anticipate, says crypto analyst Benjamin Cowen.
“Bitcoin’s likely going to keep bleeding against the stock market,” Cowen said in a video on Thursday, adding that strong expectations of a “massive rotation” from metals like gold and silver into crypto may be misplaced.
The prices of gold and silver have recently surged to all-time highs of $5,608.33 and $121.64, respectively, according to Trading Economics.