Investing in Bitcoin is making a macro bet. A bet that the debasement of fiat currencies is bound to accelerate. A bet that central banks liquidity is driving most financial assets. A bet that Bitcoin with its combination of programmatic scarcity, decentralized nature and potential for global adoption will benefit the most from this. Now that doesn’t mean Bitcoin is always in sync with other macro assets. But right now there is no doubt it is in sync. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 22,000 investors here: Done? Thanks! That’s great! Now let’s dive in. P.S. we have just released a new dashboard on the Bitcoin miners. The purpose of this dashboard is to track if the Bitcoin miners stocks are over priced or under priced relative to Bitcoin. Paid subscribers can check it out here. Bitcoin is in sync with macroThe takeawayBitcoin and other macro assets are now strongly coupled. And they are all victim of a slowdown caused by some uncertainty around where liquidity is going in the short term. Crypto assets are themselves following Bitcoin very closely at the exception of the miners. But now that we are moving away from the halving we also expect the miners to catch up. At this point Bitcoin is neither over priced nor under priced relative to other major assets. But that’s a good place to be when you are waiting for the macro tailwind to push you towards new highs. Everyone is in line, except the miners...![]() Continue reading this post for free, courtesy of Ecoinometrics.A subscription gets you:
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Wednesday, April 24, 2024
Bitcoin is in sync with macro
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