Scott says Bitcoin actually withstood multiple negative headlines like regulation, taxation, and psychological mania in the last 2 weeks. He says these issues are in the rear view mirror as long as Bitcoin can quickly fill the gap back above $57,000. Institutions are holding and possibly adding as it consolidates for a bit in a tight 3 or 4 thousand dollar range. Overall, mainstream adoption is still a bullish catalyst despite expected near term volatility.
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