Watch: China Crackdown A 'Nightmare on Elm Street' For Bitcoin Investors: Wedbush's Ives
(youtube.com)
Wedbush Securities managing director Dan Ives discusses another selloff in the cryptocurrency market after China reiterated a warning that it intends to crack down on crypto mining as part of an effort to control financial risks. He also believes Tesla Inc. may need to sell more portions of their Bitcoin investment. Ives speaks to Emily Chang on "Bloomberg Technology."
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Francisco Gimeno - BC Analyst If a month ago we were talking only mostly about NFTs and DeFi, now it's time again for BTC. It seems that every time China speaks, BTC crashes. This happened time after time, but we don't know if this one will be the definitive one. The market is totally unstable now as we write this. whether you are a Hodler or a maximalist or not, be careful out there.