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Keith McCullough Sells All Bitcoin Holdings, Suggests Dollar And Bitcoin Are Inversely Correlated
Summary: Hedgeye CEO and popular Bitcoin commentator Keith McCullough has sold all of his Bitcoin holdings, according to a recent tweet. Last week McCullough stated in a video Bitcoin looks like a long, so the reversal in strategy was surprising. The CEO did not provide any explanation for his cashing out of BTC, but retweeted a response from one follower ...
Hedgeye CEO and popular Bitcoin commentator Keith McCullough has sold all of his Bitcoin holdings, according to a recent tweet.
Last week McCullough stated in a video Bitcoin looks like a long, so the reversal in strategy was surprising. The CEO did not provide any explanation for his cashing out of BTC, but retweeted a response from one follower who wrote that he understands correlations and is not a "permabull."
In the same video from last week McCullough argued that the dollar and Bitcoin are inversely correlated, suggesting that he may now believe the dollar's value will rise and Bitcoin's will decline. The retweet from Luca Balestrieri noted that McCullough did not say he would not buy Bitcoin in the future and could be trying to turn a profit.
By Emily Mason
Tags: Bitcoin,BTC,Keith McCullough
Link: Keith McCullough Sells All Bitcoin Holdings, Suggests Dollar And Bitcoin Are Inversely Correlated [Copy]
