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Ethereum World News
2022-05-30 17:43:24

Three Arrows Capital’s Su Zhu Believes American Boomers Capitulated on Crypto in Mid-May

Three Arrows Capital’s Su Zhu Believes American Boomers Capitulated on Crypto in Mid-May

Summary: Three Arrows Capital co-founder Su Zhu believes that American boomers capitulated on crypto mid this month. He cites the declining prices of MicroStrategy’s and Coinbase’s stock in the traditional markets. Both assets remain in a confirmed downtrend that eerily resembles that of Bitcoin, thus indicating a strong correlation. The Co-founder of Three Arrows Capital, Su Zhu, believes that American boomers capitulated on crypto mid this month. According to his analysis, the massive selling of MicroStrategy (MSTR) and Coinbase (COIN) […]

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