Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
AllianceDAO Co-Founder: Bitcoin—No Need for "Scapegoats" in a Bear Market; Prices Are Driven More by Market Psychology
Svmuu News: qw, co-founder of AllianceDAO, posted on social media that over the past few months, the market has been constantly searching for a “scapegoat” for the bear market in Bitcoin, citing factors such as Jane Street, the threat of quantum computing, and the sell-off in the software sector.He believes that Bitcoins are not cash-flow-backed assets; price volatility is driven more by market sentiment and technical patterns, essentially reflecting shifts in investor psychology rather than being caused by a single external event.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
Recommended Reading


