Liquidity, Not Rates, Is Holding Bitcoin Back as Gold Absorbs Safe-Haven Flows, Kraken Economist Says
Bitcoin’s latest underperformance relative to gold is turning into a rising frustration for crypto traders, even as the broader macro setting seems supportive for digital property. According to Thomas Perfumo, Kraken’s Global Economist, the important thing issue weighing on crypto markets isn’t rates of interest, however liquidity — and international liquidity situations stay tight. “Bitcoin’s…
