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Friday, March 24, 2017

With Bitcoin, the Smart Money Is Staying Put

With Bitcoin, the Smart Money Is Staying Put

The Bitcoin community is abuzz with talk of an impending fork, with wildly divergent opinions as to whether or not this is bearish or bullish for the asset. One well-known pundit in the community was quoted as saying that the “smart money left a few days ago”.

Of course, it goes without saying that I don’t have a crystal ball and can’t say for a certainty that this is just plain wrong, but I believe that it is.

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