Blockstream CEO Adam Back told CNBC that Bitcoin (CRYPTO: BTC) lacks downside support because retail investors are “all in” with no cash left to buy dips, explaining the 25% year-to-date decline. The ‘All In' Problem Back on Monday explained that Bitcoin's weakness during sell-offs stems from how retail investors hold the asset.
'Bitcoin Retail Investors Are All In' And That's Why There's No Floor, Blockstream CEO Says
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Blockstream CEO Adam Back tells CNBC on Monday that Bitcoin (BTC) lacks downside support because retail investors are "all in" with no cash left to buy dips; cites 25% year-to-date decline.
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