Bitcoin Is 'Canary In The Coal Mine For Liquidity', Could Fall Below $50,000 Expert Warns
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Richard Smith believes Bitcoin has not yet reached its bear-market bottom and expects it to fall below $50,000 as tightening global liquidity and debt refinancing pressures weigh on risk assets. Calling BTC the “canary in the coal mine for liquidity,” Smith argues gold is better positioned to outperform during the current macro cycle.
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