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André Dragosch, PhD | Bitcoin & Macro
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GM from the Venetian
Heading out for an early morning run before @thebitcoinconf starts.
#RunningBitcoin
#BTC
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André Dragosch, PhD | Bitcoin & Macro
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Think one of the key reasons why #bitcoin & other assets defy going much lower during risk off is related to BTCTCs providing a constant floor but also related to the fact that global (excess) liquidity keeps grinding higher! This bull market has long legs. Rising tide.
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The Dollar tends to be a function of relative yield differentials & equity performances of the US vis-à-vis the G10 countries. This explains most of the trend. Deviations from that trend (residual) can generally be explained by overall uncertainty (e.g. VIX). However, ...
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GM ☕️ The US Treasury posted a $316 billion budget deficit in May, the third-largest on record. Got fiat insurance? #bitcoin
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🚨JUST IN: Dollar Index (DXY) touches new cycle lows as Fed rate cut expectations are being repriced. DXY now at the lowest level since March 2022. Very bullish implications for global money supply growth and #bitcoin.
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GM ☕️ In 2025, the number of public companies that hold #bitcoin on their balance sheet has almost doubled from *checks notes* 70 to 134 companies (+91%). ACCELERATE.
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