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orangequant1
Sep 10, 2018 6:41 AM

SEC Approval of Crypto ETFs to Crash Cryptos 

Bitcoin / United States DollarCoinbase

Description

My reasoning is in the image below.

Comment

I should explain more precisely why cryptos will initially crash. Any ETF price will be correlated to the average crypto prices across exchanges. When cash flees to ETFs, the exchanges' prices will reflect this with strong downward momentum. I estimate a process of 3-4 days after first trades of ETFs, then a bottom.
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