In this edition of the Bloomberg Crypto newsletter, Emily Nicolle sees old risks reviving in a new period of crypto gains:
Bitcoin’s big rally in the face of the recent major turbulence in banking has fostered a feel-good mood in crypto. It’s a sign, bulls say, that people are starting to believe that the asset is indeed the inflation-busting, digital-gold safe haven that it was promised to be. Unfortunately for the rest of crypto, the Bitcoin bounce isn’t necessarily a salve for all woes.