Bitcoin’s rally may rely on speculation amid ETF outflows and regulatory uncertainty, warns Wealth Within’s Filip Tortevski
Bitcoin’s recovery could be built on speculation rather than strong institutional demand.
Wealth Within’s Filip Tortevski says ETF outflows and institutional selling suggest the latest rally was driven largely by hopes for legislation that failed to pass the US Senate.
With government bonds offering attractive yields and regulatory uncertainty continuing, investors have more reasons to question whether Bitcoin is worth the additional risk.
Tortevski warns the price could still climb towards US$100,000 without a clear fundamental justification, urging caution despite the potential upside.
