10x Research Founder Turns Bearish on Risk Assets
Recently, 10x Research Founder Markus Thielen, who accurately predicted Bitcoin’s pre-halving rally to all-time highs, has shifted his stance on risk assets such as technology stocks and cryptocurrencies. Thielen’s insights provide a valuable perspective on the current market conditions and what may lie ahead for investors in the crypto space.
We Sold Everything – 10x Research Blames Inflation
Following their previous success in predicting Bitcoin’s rally to new highs, 10x Research has made a significant decision based on their analysis of the market. Thielen announced that 10x Research has sold all their tech stocks and retains only a few select crypto coins in their portfolio. The driving force behind this decision is the looming threat of a substantial price correction in risk assets, including stocks and cryptocurrencies.
- Thielen expresses concern over risks assets facing a potential price correction.
- Decision to sell tech stocks and hold onto select crypto coins due to market conditions.
- Inflation’s impact on risk assets and Bitcoin’s price movements.
10x Research Says Bitcoin ETFs are Losing Hype
The introduction of Bitcoin exchange-traded funds (ETFs) offered a new investment avenue for individuals looking to gain exposure to Bitcoin. This led to a surge in Bitcoin prices and increased adoption of these ETFs. However, recent trends indicate a decline in the excitement surrounding Bitcoin ETFs as market dynamics shift and investor sentiment changes.
- Impact of Bitcoin ETFs on the cryptocurrency market.
- Changes in investor sentiment towards Bitcoin ETFs.
- Expectations for Bitcoin price movements post-halving.
Hot Take: The Future of Risk Assets and Bitcoin
As the landscape of risk assets and cryptocurrencies continues to evolve, it is essential for investors to stay informed and adapt to changing market conditions. The insights provided by 10x Research highlight the importance of understanding the impact of factors such as inflation and market sentiment on asset prices. By staying vigilant and proactive in decision-making, investors can navigate the evolving financial landscape with greater confidence and success.
Sources:
– CoinDesk: 10x Research Founder’s Bitcoin Prediction
– 10x Research Newsletter
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