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Torsdag, 12 November, 9:53

ETF-marknaden04 jun 24 kl. 22:00

The Bitcoin Macro Investor

Investor
Investor · Foto: Wikimedia Commons


Your top-down guide to the most important macro themes for Bitcoin & Cryptoassets June 2024
Key Takeaways
• Performance: In May, Bitcoin and cryptoassets outperformed traditional assets like equities, with Ethereum leading due to the Ethereum spot ETF approval in the US. There was no significant altcoin outperformance indicating a broader risk appetite return.
• Macro: Market liquidity is shifting, yet growth outlooks remain positive despite risks from Chinese monetary policy tightening and a potential US recession. Yield curve steepening suggests a US monetary policy turnaround, likely only with a US recession.
• On-Chain: A short-term weakness is anticipated until the Halving’s positive effects emerge around summer 2024.
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