Thursday, March 28, 2024
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Bitcoin (BTC) Price Is Less Volatile Than Gold (GLD) and Stocks, Hinting at Violent Price Action Coming: K33 Research

With the exception of a brief, Ripple-related, mid-July move up to $31,800, bitcoin has traded in an increasingly tighter range for the past six weeks, its price mostly sticking between $29,000-$30,000, and then for the past few days rarely moving out of the $29,000-$29,500 area. At press time, it was

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ProShares’ Bitcoin Strategy ETF BITO Underperforms BTC Price by 13.8% This Year: K33 Research

The underperformance stems from the costs associated with the fund's structure. BITO does not purchase tokens, instead it holds BTC futures contracts on the Chicago Mercantile Exchange (CME). The fund must roll over the contracts every month as they expire, making it vulnerable to the price difference between terms. If

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Bitcoin $BTC Price’s Declining Correlation with Stocks Revives Its Investment Appeal: K33 Research

A portfolio with 3% weight in BTC, 58.5% in stocks and 38.5% in bonds has outperformed the classic 60% equities, 40% bonds investment over the years. Even when it’s measured from January 2018, near when cryptocurrency prices entered a two-year bear market, the portfolio that included BTC would have outperformed

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