Ikigai founder: increase in repo transactions and chaos in the European dollar market led to bitcoin falling in this round

Travis Kling, founder and chief investment officer of Ikigai Asset Management, said that Bitcoin’s recent price plunge was partly due to the increase in repo transactions and the chaos in the European dollar market, which is expected to exceed 20,000 in the next 18 months. The historical high point of the dollar. In addition, he believes that the unsatisfactory results of the launch of Bakkt are also one of the reasons for the decline in bitcoin prices.