Bitcoin ETF sell-off is ‘purification’ of bull case, investor says
Bitcoin ETF investors have recorded sustained outflows this year, but EMJ Capital’s Eric Jackson argues a longer-term institutional buyer base could emerge.
Bitcoin (BTC) will see “purification” as a new wave of institutional money stays long BTC for decades, says EMJ Capital founder Eric Jackson.
Key points:
BTC has become a “high-beta tech position,” thanks to ETFs and institutional involvement.