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2 reasons to buy #Bitcoin:
➡️La Feed:
The pause announced yesterday will benefit assets that do not pay interest and risky assets in general.
The chart below shows that bitcoin often moves opposite to 2-year real returns.
Image
If the rise in yields begins to run out of steam, the cryptocurrency will be under less pressure.
➡️The SEC:
In mid-October, the SEC is expected to reconsider whether it approves the first exchange-traded fund in the United States that invests directly in bitcoin.
Spot Bitcoin ETFs have the potential to attract tens of billions of dollars.