Is Jane Street Why Bitcoin Isn’t At $150K? Expert Debunks The Myth
The idea that Jane Street is single-handedly the reason why Bitcoin is not trading at $150,000 is the wrong frame, according to ProCap CIO and Bitwise advisor Jeff Park. In a X thread February 25, Park argued that the real issue is not one firm, but a structural feature of the US spot Bitcoin ETF system that gives all authorized participants unusual flexibility in how they hedge and settle trades.
Featured image created with DALL.E, chart from TradingView.com
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