MacroScope
@MacroScope17
Topics: institutional trading, asset management and monetary policy. Tweets are opinions only and are not intended as advice.
参加 August 2017
354 フォロー中 90.7K ファン
Posted one week ago -- at the height of “let’s free up some funds to buy SpaceX.” BTC’s low on that day: 59k. As of now, the capital rotation thesis (especially re: retail investors) looks correct. Let's see what happens from here.
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Just in case anyone didn’t understand that this BTC selloff is mostly a capital rotation story and not BTC-specific. Very easy to click “sell IBIT” in the brokerage account to free up funds for this.
In the long term, BTC will continue to greatly benefit from creation of an ETF. It also becomes more susceptible to short-term capital rotations by mainstream investors.
This rotation should slow (may have already started in the past day) then eventually reverse.
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