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Why Bitcoin Can’t Break Out: Former Goldman Exec Points to Two Key Headwinds

  • Former Goldman Sachs executive explains investors are moving away from direct Bitcoin exposure to crypto-related stocks like Coinbase.
  • Financial stress in the mining sector is another key headwind for Bitcoin, with shrinking profit margins leading miners to tap into their Bitcoin reserves to stay afloat.
  • The combination of risk shifting and miner-driven selling is restricting Bitcoin's rally potential, despite strong demand from ETFs and corporate treasuries.

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