Lack of derivatives is hurting crypto, TheoTrade Chief Market Strategist Don Kaufman told CoinDesk TV in this “All About Crypto” segment. “As a trader, I want to be able to get in and out of a trade in seconds,” Don said. “With crypto, you can only go long or short. You’re throwing matches in a pool of gasoline in this market and the correlation between Bitcoin and the NASDAQ has broken apart lately, except on the downside. I don’t see the upside of betting on Bitcoin in this current market.”
See the full segment here.
OR: Watch on YouTube here.
OR: Watch directly on CoinDesk TV here.