A “Flash Crash” Scenario Looms Over Bitcoin; Here’s Why

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Bitcoin may undergo a significant price correction before the US presidential election due to its proximity to gold, hints Clem Chambers. The CEO of ADVFN – Europe’s leading stocks and shares website, told Kitco News that most assets that have shown a positive correlation during the 2020 bull run tend to fall in tandem. He spoke about gold and how a “flash crash” in its markets could leave other assets in a similar bearish spell. “I got a warning from the market about ten days ago…so I cleared the decks because I think it’s highly likely, not absolutely certain, but too likely to be in the markets that we’re going to be in for a crash,” Mr. Chambers said. “Normally before a crash, I experience what I call a market malfunction where my portfolio just doesn’t behave as it should.” The Tale of Two Safe-Haven Assets Bitcoin laggingly tailed gold,…

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