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Investors Flock Back to Crypto: Because What Could Possibly Go Wrong This Time?

A cartoon investor wearing a 'I'm back' t-shirt and holding a briefcase full of money rushes towards a giant cryptocurrency chart with an arrow pointing upwards, while a smaller figure representing Ethereum is shown being dragged away by a bear.

Crypto investors: still as gullible and susceptible to get-rich-quick schemes as ever. Who needs a functioning economy when you can just bet your life savings on the whims of Jerome Powell? The recent surge in Bitcoin-related ETP inflows is nothing but a classic case of ‘buying high, selling low’ – or rather, buying high and praying for interest rate cuts to bail out their investments.

Source: cointelegraph

Cryptocurrency investors have been increasingly purchasing Bitcoin (BTC)-related exchange-traded products (ETP) amid concerns over potentially looming interest rate cuts in September. The crypto investment firm CoinShares reported on Aug. 26 that digital asset investment products saw weekly inflows worth $533 million from Aug. 18 to Aug. 24. Last week’s purchasing pace of crypto-related ETFs marked the largest inflows in the past five weeks, fueled by anticipation of interest rate cuts […]

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