Bitcoin is up 120% this year. Here's the bear case that could derail the rally.

Tech Insider : Crypto
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A pile of Bitcoin slugs sit in a box ready to be minted on April 26, 2013 in Sandy, Utah.

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Investors have piled $1 billion into crypto funds in 2023, the 3rd-highest annual inflow on record

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A man walks past an electric board showing exchange rates of various cryptocurrencies including Bitcoin (top L) at a cryptocurrencies exchange in Seoul, South Korea December 13, 2017

REUTERS/Kim Hong-Ji

MicroStrategy stock is up 250% this year. Michael Saylor says bitcoin allows his firm to compete with giants like the Magnificent 7 for investors' attention.

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MicroStrategy CEO Michael Saylor
Shares of Michael Saylor's MicroStrategy have climbed more than 240% so far in 2023.

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Bitcoin surges to its highest level in 2023, notching a 130% gain over the past year

Tech Insider : Crypto
A worker helps to put the headpiece on top of a performer in a Bitcoin (BTC) costume at Thailand Crypto Expo 2022
Bitcoin surged to a new 2023 high Thursday, hovering near $37,000.

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Bitcoin has plunged almost 20% since Standard Chartered predicted the crypto could surge to $120,000

Tech Insider : Crypto
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Bitcoin just had its 2nd-straight losing month as crypto sold off in August along with stocks and bonds

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A hand holds a bitcoin toward the sky in this photo representation of the cryptocurrency.
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Bitcoin bottomed last year and the crypto could hit $148,000 by 2025, research firm says

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A man walks past an electric board showing exchange rates of various cryptocurrencies including Bitcoin (top L) at a cryptocurrencies exchange in Seoul, South Korea December 13, 2017

REUTERS/Kim Hong-Ji

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