While many Bitcoin investors look for the asset to behave as a safe haven and store of value, bitcoin typically has ultimately acted as the riskiest of all risk allocations and a liquidity sponge.
Correlation is breaking and liquidity turn has started since Oct. This year will mark the turn into next Bull move. Many will miss this years move because of the bearish outlook that is consensus. Good work but your still a bit conservative on your view, turn is happening and will look obvious when the top this year is in.
Amazing! Love this take and appreciate your objective honesty.
A great post, thanks!
Correlation is breaking and liquidity turn has started since Oct. This year will mark the turn into next Bull move. Many will miss this years move because of the bearish outlook that is consensus. Good work but your still a bit conservative on your view, turn is happening and will look obvious when the top this year is in.