Bernstein: The Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally

Bernstein: The Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally


The risk of an immediate sell-off in the Grayscale Bitcoin Trust (GBTC) has also receded as creditors and Digital Currency Group (DCG), which owns Grayscale, Genesis and CoinDesk, negotiate a settlement, and with all the relevant situations now under court settlement, the “public crypto markets seem to have felt some relief from any forced selling narratives.”

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