Bitcoin's lack of fresh investors matters more than Strategy's sale, Citi says
AI Summary
Bitcoin's recent troubles are overshadowed by the absence of new investors, according to Citi. While the sale of a large chunk of bitcoin by Strategy may have caused market ripples, Citi argues that the real concern is the lack of fresh buyers propping up the price. This situation could spell trouble for Bitcoin's growth and long-term stability, emphasizing the importance of new investor interest for its future trajectory. Without this influx, Bitcoin's market dynamics could become increasingly precarious.
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