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CoinDesk Indices managing director Andy Baehr joins Morning Brief to analyze moves in bitcoin (BTC-USD) and the broader cryptocurrency market amid Monday morning's tech sector sell-off.
Baehr points out bitcoin's stability, stating, "The liquidity's great [and] it means that the market's starting to detach the bitcoin narrative — the macro store value narrative — from the growth narrative of many other tokens." He observes that while bitcoin investors are "searching for a surprise reason to go and hit all new time highs," this process will require patience.
As the Trump administration takes office and investors anticipate enhanced cryptocurrency regulation, Baehr adds, "I think you're going to see more sovereign, corporate, institutional wealth retail adoption." He emphasizes the sector's potential for growth, noting that "the asset class is young enough; it still enjoys a bit of momentum."
Watch the full interview above for an analysis of bitcoin's performance against the broader cryptocurrency market and insights into how regulation could impact crypto assets.
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This post was written by Angel Smith