Bernstein sets out the drivers of bitcoin’s march to $1m
Putative short-term correlations between bitcoin, gold and the Nasdaq are misleading, The Block reported, citing a Bernstein note. Analysts at the investment firm led by Gautam Chhugani see the following as more accurate indicators: a decline in retail selling; a growing race for corporate accumulation; renewed inflows into exchange-traded funds. All these factors lead to […]