Jeremy Siegel says bitcoin's rush higher will fizzle out once people trust banks again
Wharton professor Jeremy Siegel has weighed in on bitcoin's recent rally, spurred on by the recent banking crisis.
"My feeling is when people feel they're safe in the banks again, bitcoin will go back down," the economist said in aBitcoin has enjoyed attractive gains in the wake of a string of bank collapses and expectations that the Federal Reserve will ease up on its aggressive interest-rate policy. The world's largest cryptocurrency has surged about 37% since early March when chaos in the banking sector erupted due to the failures of Silicon Valley Bank and Signature Bank. Turmoil in the financial industry has extended through March, following the
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