Bitcoin (CRYPTO: BTC) is showing early signs of separating from equities as crypto infrastructure, tokenization and institutional access lay the foundation for the market’s next growth cycle.
Why Snyder Has ‘Never Been More Bullish‘
In an interview with Scott Melker on July 30, 21Shares co-founder Ophelia Snyder said Bitcoin’s muted reaction to a hawkish Federal Reserve meeting could indicate that it has absorbed much of the selling pressure from nervous investors.
"It feels like Bitcoin’s oversold to some extent," Snyder noted. "The people who want out have gotten out at this pricing."
Melker added that events that previously would have triggered steep declines are no longer having the same effect on Bitcoin.
