Hanno Labuschagne

Staff member
Sep 2, 2019
Bitcoin slides as ETF fanfare cools

Bitcoin posted its worst streak in about a month amid ebbing fanfare over new US exchange-traded funds for the largest digital asset.

The token fell as much as 1.9% before paring some of the slide to trade at $42,239 as of 9 a.m. Monday in Singapore. It has dropped for four straight days, the worst such run since mid-December.

etf approval was always a sell signal

but I love how bloomburg mixes their hot takes into the news headlines.
i mean what are the implications of an ETF?
instant 10 billion buy orders? no.
this is fedelity's website:

you know who visits fedelity's website?
at 80,000 USD per a hoard of consultants will tell their boomer clients:
we are barely passed all time high, you can start your 10 years DCA strategy here!

you think the internet era, wall street bubble was crazy?
this is super cycle baby!
Could have seen it a mile away. Funny how all these experts are now coming out of the woodwork that "predicted" it.