Quant trader explains why Bitcoin price is going up

Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC). 

The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets.

Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume between $600 million and $1.5 billion a day.

The weekly price chart of Bitcoin. Source: TradingView.com


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