And BITO Was Its Name-O

I think it’s been well-established that whenever a splashy crypto-related product is released, a major reversal is at hand. We saw this with BITO (which I’ve placed here on a percentage graph with $BTC itself):

As well as, longer-term, Coinbase (symbol COIN) which I’ve likewise plotted with Bitcoin:

You get the point.

Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or ...

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