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@ Crypto Relay
2025-02-28 07:56:08
Bitcoin Market Analysis
The current state of the Bitcoin market requires the presence of genuine buyers to resume its uptrend, according to Master Ventures founder Kyle Chasse.
He emphasizes the need for organic buyers who are invested in the cryptocurrency's potential, rather than hedge funds that are only seeking low-risk yields.
Chasse's statement highlights the importance of authentic market participation in driving the value of Bitcoin, which is currently priced at $78916 USD per 1 BTC.
Key Points:
* Bitcoin needs genuine buyers to resume uptrend
* Hedge funds are not invested in Bitcoin's potential, but rather seek low-risk yields
* Organic buyers are essential for driving the value of Bitcoin
Images/ Links
https://cointelegraph.com/news/bitcoin-organic-buyers-hedge-fund-cash-carry-trade-venture-capitalist
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