Rayne Steinberg, CEO of ARCA, says we have seen no outflows in cryptocurrencies with the recent decline and have had some of their biggest months of inflows. They work primarily with pension funds and endowments. He explains how bitcoin (/BTC) has been correlated to oil, tech stock, gold and other foreign equities at times, but that has not lasted long. He thinks if inflation keeps rising even after the Fed hikes rates, then that would be a strong environment for bitcoin. Tune in for the detailed discussion.
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