Maleeha Bengali is CEO of MB Commodities Capital, based in London.
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Outside of the ETF launch which could generate flow into the crypto space, it is important to ask what the real theme is for Bitcoin.
The real issue is that they don't know and are just hoping that "inflation is transitory".
Is this the real inflation scare? Let's see what's ahead for energy.
When growth starts to slow and inflation moves higher - that's the most unfavorable set of conditions. And that's exactly the market's nervousness right now.