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December 7, 2024

Expert Insights: Bitcoin Not Yet in Bubble Phase Despite Recent Surge

Jordi Visser, the former CIO and president of Weiss Multi-Strategy Advisors, believes that Bitcoin has not yet entered its ‘bubble’ phase despite trading above $100,000. For Bitcoin to reach a potential peak, it will need to rally against the MAG7, a critical index of major U.S. tech stocks. Market analysts suggest that the current bullish trend may continue, and Bitcoin must maintain its trajectory to avoid any bubble speculation. Investors are encouraged to monitor these developments closely as this analysis unfolds. The intersection of Bitcoin’s performance with major tech stocks may provide valuable insights into future market movements.

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