The Trader Top 9: Bitcoin Bull Market Attitude

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Welcome back to the Trader Top 9. The big story this week is, without a doubt, the return of that bull market feeling. With that in mind, let’s dive in.

9. As we said above, there is definitely a bull market vibe in the air

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8. Part of the reason has to be the perception that central bank action will have unintended consequences when it comes to the dollar and/or inflation

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7. It’s not just entrenched bitcoiners that are taking this perspective, but also traditional macro folks like Hedgeye’s Keith McCullough

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6. It’s also showing up in the data. Just check out Square’s monster $875m in bitcoin revenue in Q2: Up 186% from Q1 and 600% YoY.

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5. This is a gold story as well, although for millennials, bitcoin is more appealing

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4. And by the way…those millennials are on the verge of one of the biggest wealth transfers in history

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3. Some are arguing - not without merit - that a lot of the new attention is from ETH and DeFi

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2. Whatever the reason, the new bull is pulling in some big names

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1. For now, let the market do its job and keep an eye on what comes next

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