And BITO Was His Name-O!

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I think it’s been well-established that whenever a splashy crypto-related product is released, a major reversal is at hand. We saw this with BITO (which I’ve placed here on a percentage graph with $BTC itself):

slopechart BTCBITO

As well as, longer-term, Coinbase (symbol COIN) which I’ve likewise plotted with Bitcoin:

slopechart COINBTC

You get the point.