We enter a traditionally upbeat season for risk assets and crypto in particular. Everything is aligning as we have long predicted, and we unashamedly stick to our bullish view.
The recent move higher has been triggered by easing policies in the world’s two largest economies, but if authorities think that inflation is dead the clues are rife that they’ll be disappointed. Don’t ask us, look at the gold price. Bitcoin and crypto looks poised to break out and follow the pet rock’s lead. We consider where it might go based on our valuation model.
Manipulation is rife, whether in the US bond market or the regulatory dismantling of the crypto banks. But the truth will out eventually. And that’s what this is all about.
- Technical Downside risk averted, threatening an upside breakout
- On-Chain Short term target as price moves above fair value, low fees mean huge headroom for growth
- Macro The Big Easing, wrong signals from the bond market, multiple inflation clues, oil price weakness, UK energy policy stupidity
- Cryptoverse Were the crypto banks destroyed by malicious politicians, not by incompetence? Operation Choke Point 2.0 investigated
- Ethos Malinvestment and the corruption of money
