Bitcoin crushed it in November. Excellent absolute performance. Excellent relative performance. And it managed to do that without getting into the more volatile exuberant bull market regime. What's behind this performance and is it likely to continue? 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 26,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Bitcoin Dominates Markets In NovemberThe TakeawayBitcoin dominates the investment landscape in November 2024, standing out in both absolute returns and risk-adjusted metrics. The macro environment remains favourable with loosening financial conditions despite high interest rates, mirroring conditions from peak QE in 2021. Looking ahead, Bitcoin shows signs of transitioning from mild bullish to exuberant bull market phase, with 2025 price projections ranging from $130k to $250k, though new ETF investors may create different dynamics than previous cycles. Bitcoin Is A Double Outlier...Continue reading this post for free in the Substack app |
Monday, December 2, 2024
Bitcoin Dominates Markets In November
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