BIT is a great invention...but is it a risk-on or risk-off hedge? How should it be played in a market downturn? How will the balance sheet be reflected if companies use bitcoin as their legal tender for assets, liabilities, and se? As we are in the early cycle in a bubble this is still bullish depending on momentum as well as bitcoins intrinsic value in the marketplace.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.