Bitcoin has gone from bearish to bullish and back again this week. With price action dictated by macro assets — gold and equities — traders and analysts have had to weigh a basket of positives and negatives.
In a July 8 blog post announcing the hire, Grewal was described as a top executive who has “repeatedly encountered some of the largest and most complicated legal issues in tech.”
Bitcoin hitting $20,000 all-time highs has returned to the spotlight as BTC price action mimics the infamous surge from late 2017.
Bitcoin or gold? The debate over the two macro assets looks ready to boil over. Gold is circling its all-time highs against the U.S. dollar, but Bitcoin has yet to show an intention to follow in its footsteps.