Bitcoin Has Entered Its Subprime Asset Bubble Phase
2025-07-16 15:55:40
Main Idea
The author discusses their previous short article on Bitcoin and their market experience, while disclosing no current positions or business relationships.
Key Points
1. The author's December short article on Bitcoin resulted in a drop of around -40%.
2. The author is an active trader with over 15 years of experience in stocks, FX, crypto, and commodities.
3. The author holds a master's degree in finance.
4. The author discloses no stock, option, or derivative positions within the next 72 hours.
5. The author has no business relationship with any company mentioned in the article.
Description
Summary Bitcoin's recent rise is driven by speculation and subprime financing, not genuine innovation or adoption, making the rally fragile and risky. Bitcoin ETFs have enabled Wall Street to dominate the asset, undermining its original promise of financial freedom and direct ownership. The current market resembles a 'subprime era' for digital assets, with financial engineering and overleveraged speculation reminiscent of past financial crises. Retail investors are fueling a historic buying spre...
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