CoinWorld News reports that on February 25, according to a previous tweet by "End of Day Report" author Citrini Research, the organization has been shorting Bitcoin since November 17 of last year and going long on Nasdaq. On February 1, Citrini Research's account posted that "regretfully, they closed their position too early." Additionally, during last Christmas, Citrini Research predicted that Bitcoin's price would drop to $69,000 in the first half of this year. Previously, the research organization Citrini Research released a report introducing the concept of a "Global Intelligence Crisis," warning that AI could trigger a "bottom-up competition" for knowledge-based jobs, disrupting the industry and credit chains built around white-collar productivity. This report caused a sharp decline in the US stock market on Monday.
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CoinWorld News reports that on February 25, according to a previous tweet by "End of Day Report" author Citrini Research, the organization has been shorting Bitcoin since November 17 of last year and going long on Nasdaq. On February 1, Citrini Research's account posted that "regretfully, they closed their position too early." Additionally, during last Christmas, Citrini Research predicted that Bitcoin's price would drop to $69,000 in the first half of this year. Previously, the research organization Citrini Research released a report introducing the concept of a "Global Intelligence Crisis," warning that AI could trigger a "bottom-up competition" for knowledge-based jobs, disrupting the industry and credit chains built around white-collar productivity. This report caused a sharp decline in the US stock market on Monday.