So much for Schiff claiming credit for calling the drop in Bitcoin as soon as Coinbase went public since institutions would get exposure there instead of GBTC.
Well the price of COIN hit an all time low (yes it is only traded for a few days).
Good job on those who resisted buying in. We might see more downside on this one.
https://beincrypto.com/coinbase-hits-historic-low-as-bitcoin-price-drops-below-50000/
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Lol. I was expecting it because they pumped up the price before IPOing. Its just the banks and VC cashing out.
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It is not a great surprise to anyone who follows these things.
Once in a while an IPO pump will keep going. Most often, we have a harsh pullback.
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