Bitcoin Analyst Admits His Rate-Hike Thesis 'Was Not Rooted in the Data'
Bitcoin analyst Benjamin Cowen admits his bearish rate-hike thesis failed as BTC rallied despite a stronger dollar, putting bears on defense.
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Why It Matters
A Bitcoin expert thought higher interest rates would hurt Bitcoin's price. But Bitcoin went up anyway, so he admitted his idea was wrong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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