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On Tuesday morning, I closed my my crypto positions at Kraken, wired all my profits to my checking account, and let the original principal remain at Kraken in plain old cash. I’d like to explain why.
First, here is what the crypto market (represented by Bitcoin) and the stock market (represented by the SPY) were doing until a few months ago. It doesn’t matter which is which; the point is that they each went their own ways.