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Galaxy Research Head Says Bitcoin Is A 'Veblen Good' — The Firm's Own Desk Is 50/50 On The Bottom
in5points
Galaxy Research head describes Bitcoin as a 'Veblen good'.
Galaxy's own trading desk is split 50/50 on whether Bitcoin has bottomed.
The desk says Bitcoin's risk-reward is improving over the next 6-12 months.
Improved ETF flows are cited as a reason for the more positive outlook.
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Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Asianet Newsable
Center-right
Mixed factuality
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Asianet News Network
Rajeev Chandrasekhar / Jupiter Capital interests historically