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RE: Bitcoin a leading indicator for stocks?
Interesting article, what baffles me is the fact that fortune 500 companies are so hell-bent on bitcoin being a bubble, when I'm damn sure most of those same companies have invested in btc themselves. Could explain the trends we are currently seeing between btc and the certain stocks, just saying.
Until we get more volume into cryptocurrencies as a whole, we can expect these kind of trends because of these giant companies secretly holding mass amounts of btc. Just my opinion here :)
They bad mouth BECAUSE they see it is a good investment. They want to buy in, but the price was too high. Therefore, a negative PR campaign was launched to drive the price down, so they could buy it up.