Valkyrie Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer

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Valkyrie Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer

Watch CoinDesk Video: Valkyrie Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer. Bitcoin was holding support around $33K Tuesday and is down about 5% over the past week. The cryptocurrency had a choppy trading session during Asia hours and is stuck in a tight range since June. Valkyrie CIO and co-founder Steven McClurg discusses the outlook for bitcoin and whether it will break out soon. "I definitely see us stuck here over the summer," he said, commenting on bitcoin's trajectory. Plus, why McClurg says he thinks inflation is not transitory and the impact of China's crypto crackdowns on bitcoin's price and hashrate.

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