Bitcoin 'as strong as ever' as it battles capitulation rarely, if ever, seen before, says ARKInvest.
) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says.,” the investment giant came out firmly bullish on BTC.With BTC price volatility ebbing into December, the industry is still reeling from ongoingAs lawmakers only begin to get to grips with the events, when it comes to Bitcoin, ARK is doubling down on its conviction — and setting it firmly apart from centralized alternatives.
While acknowledging that even Digital Currency Group — one of whose products, the Grayscale Bitcoin Trust , it “ARK’s conviction in decentralized and transparent public blockchains is as strong as ever,” it confirmed. As such, despite being bearish on some on-chain metrics, there was reason to keep the faith on Bitcoin.
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