Bitcoin Defies ETF Doomsayers—Up 138% Since US Fund Launches
Wall Street’s favorite narrative—that ETF approvals mark a market top—just got bulldozed by Bitcoin’s relentless rally. The king of crypto has gained a staggering 138% since spot ETFs hit US markets, leaving naysayers scrambling for new bearish talking points.
Who knew institutional adoption would actually, you know, work?
Meanwhile, financial pundits continue rotating through explanations like a degenerate trader chasing leverage—first ’too volatile’, then ’no intrinsic value’, now ’the ETFs were the top’. Maybe next they’ll blame the Fed.