Seeking Alpha
2022-01-07 17:48:12

The Trouble With Bitcoin In 2022: It's Still 'Tech'

The selloff in Bitcoin has coincided with weakness among high-growth momentum technology stocks and more speculative areas of the market.Macro uncertainties including rising interest rates and questions regarding the strength of the economy have added to poor sentiment towards crypto.We expect volatility to continue, but another leg lower could ultimately represent a new buying opportunity in Bitcoin which maintains a positive long-term outlook.

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