Natalie Brunell: Bitcoin price stalls as paper bets satisfy market demand

Natalie Brunell: Bitcoin price stalls as paper bets satisfy market demand
Paper bets cause Bitcoin price stagnation

Natalie Brunell, board member at Semler Scientific and Bitcoin strategy lead, highlights analyst Luke Gromen's view on Bitcoin price movements. According to Brunell, Gromen suggests that Bitcoin's price has been consistently stalled in the $58,000 to $72,000 range because major market players are able to satisfy demand through paper-based bets rather than direct Bitcoin purchases. Gromen notes that this tactic has been seen in the gold market for years, but he is skeptical about its long-term effectiveness with Bitcoin.

Brunell previously discussed skepticism surrounding STRC’s potential and noted changing attitudes toward Bitcoin adoption in a recent report. She has also reported on Kalshi’s launch of the first perpetual futures product in the U.S., citing details from cofounder Luana Lopes Lara in an earlier article. These developments reflect her ongoing focus on developments in crypto and derivatives markets.

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