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Flash Boys in the Crypto Cloud
What Goes Up
Is There a Narrative That Drives Bitcoin?
I think a lot of us are waiting for a good narrative because narratives are what drive bull markets. And I can't say there's a great narrative right now, but one thing to consider is that with institutions coming in in size, they're learning a lot about what this beast crypto is and how it's fundamentally different. So if you're an HFT shop from trad fi, you have great latencies, you know how to work a fixed connection,. which is the standard connection among exchanges can trad fi crypto is weird.
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