Bitcoin is struggling because people are gambling in Robinhood instead

6 REASONS IT'S BEEN A BAD YEAR FOR BITCOIN.

In today's @Markets newsletter, I wrote about all the ways that 2020 has undermined a bunch of popular Bitcoin narratives.
https://t.co/001CaQMvIB

— Joe Weisenthal (@TheStalwart) June 15, 2020

4b

In fact, Bitcoin has underperformed Ethereum since the halving pic.twitter.com/I7ZQotow3j

— Joe Weisenthal (@TheStalwart) June 15, 2020

6

And finally -- perhaps most importantly -- The Robinhood phenomenon. A throng of people are discovering the stock market, and this has robbed Bitcoin of attention and the casino premium, since people can get their thrills elsewhere. pic.twitter.com/G8XB7mzll7

— Joe Weisenthal (@TheStalwart) June 15, 2020