Bitcoin at $250,000 in a year? This ‘rocket fuel’ will help it get there, says Goldman Sachs alum

After a lackluster start to the week, stocks are struggling for gains, though beaten-down technology names have perked up.

While the Nasdaq Composite
COMP,
-0.56%

has lost 4% this month, tied to inflation worries, it has been even more brutal for some cryptocurrencies, such as bitcoin
BTCUSD,
-0.61%
,
down 20% this month. Bitcoin has sunk 30% below an all-time high of $64,829 reached in April, after Tesla
TSLA,
+0.18%


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