Michael Rabkin, Head of Institutional Sales at DV Chain and Head of Partnerships at DVeX told CoinDesk that, “the S&P 500 has been up almost 8% in the month of August so it will be interesting to see what Bitcoin does whenever the market pulls back. With Bitcoin still being a fairly newer asset, there is a risk that it can sell off whenever the market does.”
Crypto stakeholders are watching the equities market. Rather than a hedge, some still consider bitcoin a “risk-off” asset whereby traders will unload BTC if the broader stock market dumps.
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