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Bitcoin ETF: A Positive Catalyst For Crypto's Reflexivity | Tim Grant

Supply Shock

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The Reflexivity of Crypto and the Potential Impact of a Bitcoin ETF

This chapter explores the reflexive nature of crypto as an asset class, where people's interest follows the price movement. It discusses the difficulty of investing in crypto without clear indicators of when to buy or sell, and how long-term investors gain conviction to invest in it through multiple cycles. The chapter also examines the potential passing of a Bitcoin ETF and its implications on the cryptocurrency industry, attracting institutional investors and opening up opportunities for structured products.

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