Bitcoin is having an existential crisis

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• The nomination of Kevin Warsh as Fed chair gave bitcoin the final push to its lowest level since November 2024.
• The king crypto has also struggled to recover from a risk-off rotation that stocks shrugged off with ease.
• Hanging over bitcoin's future is what Michael Saylor's firm Strategy plans to do with his hoard.

It's entirely possible you missed the recent meltdown in bitcoin. Not to project, but there were other sell-offs in the...