Master Ventures founder Kyle Chasse says Bitcoin needs to find genuine buyers, not hedge funds, who “don’t care about Bitcoin” and are just chasing “low-risk yield.”
Bitcoin’s price will continue to experience volatility until genuine buyers start entering the market, rather than traders seeking arbitrage opportunities, according to a crypto venture capitalist.
“This is a classic case of liquidity games. ETFs didn’t just bring in long-term holders — they brought in hedge funds running short-term arbitrage,” Master Ventures founder Kyle Chasse said in a Feb. 27 X post.
“For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” Chasse added.
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