The price performance since the US election has been fabulous, but it’s entirely rational. We make the case that the change of leadership in the US takes heralds the start of a new “Institutional Cycle”. It is impossible to overstate how significant the election result is for the asset class and for bitcoin in particular. Fleet-footed investors have a chance to front-run the behemoths who will lumber in behind.
There will be many investors wondering if they’ve missed it…again. This edition follows previous versions in November 2023 and March of this year, and the answer remains “not in our opinion”.
Our conviction in the outlook has strengthened given the above events, and we’ll cover a lot of the ground in this note.
As ever, the secret is to be patient, don’t commit beyond your means and study hard to properly understand this remarkable asset.
- Technical High level consolidation, beating the S&P, cycle update, will BTC dominance continue to rise?
- On-Chain Network activity boost, hash power soars, valuation update
- Macro The Institutional Cycle, how big is this? UK inflation
