The cryptocurrency market has been in the doldrums, and the correction has polarized people over whether a bottom has been reached.
What Happened: Hedge fund manager Whitney Tilson said on Thursday that it was time to get out of cryptocurrencies and wait to “rejoin the game.”
The analyst said with such a speculative asset, investors would have to price in momentum, given that it is impossible to value cryptocurrencies.
The price momentum, however, is now completely in the wrong direction, Tilson said.
Secondly, the analyst noted that …
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