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Bitcoin panic-sellers a gift that keeps giving for wealthy traders
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cnbctv18.comBitcoin panic-sellers are practically giving away their cryptocurrencies to wealthy buyers who will use the digital assets as an inflation shield, it is becoming increasingly clear to me. Digital currencies fell sharply earlier this month before regaining some ground.
The sell-off was triggered by a wider risk-off sentiment that also impacted many areas of global stock markets.It occurred as inflation is running hot and, therefore, encouraging central banks to tighten monetary policies, putting at risk the liquidity that has benefitted many asset classes, including Bitcoin.Wealthy crypto investors always buy the dips. This is because they know digital, global, borderless, decentralised money is, clearly, the future.Bitcoin has almost
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