Not just Wall Street: Quant trader explains why Bitcoin price is going up

Cointelegraph

Published Nov 19, 2020 07:25AM ET

Updated Nov 19, 2020 09:00AM ET

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.

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

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