Bitcoin recent rally primarily shorts-led, according to BlockTower Capital’s Bucella

CNBC Television published this video item, entitled “Bitcoin recent rally primarily shorts-led, according to BlockTower Capital’s Bucella” – below is their description.

Mike Bucella, BlockTower Capital general partner, joins ‘Power Lunch’ to discuss the recent crypto trading activity, what it indicates about bitcoin and why he says the long term prospects are still very strong for the cryptocurrency.

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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

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