Sell My Bitcoin? Hell No Say US Retail Holders
— Debthammer said, Uptrend, Crypto investments, Inflation, Bitcoin mining activities, Investors, Store, Etf ),, Cryptocurrency activities, Made losses — 1 min read
Survey shows 25% of retail investors in the US owned Bitcoin despite the ongoing bear market. The US overtook China to be the largest hub for Bitcoin mining activities. The Federal Reserve announced that inflation had reached a 40-year high of 8.6%, one of the highest rates globally. As traders look for alternative ways to store their wealth, cryptocurrencies have become a preferred option. Some believe the prices of digital assets were “historically low,” and they would be a good investment option if the prices were to register an uptrend. The SEC has rejected applications for a spot Bitcoin exchange-traded fund (ETF), and it was even recently sued by Grayscale for failing to approve its application for a Bitcoin ETF. Source