In today’s briefing:
- High off the Bitcoin Halving
- Crypto Crisp: Up, Not Down
High off the Bitcoin Halving
- Halving Dynamics: Bitcoin’s imminent halving reduces issuance, influencing short-term price movements amidst evolving market narratives.
- Liquidity Catalyst: Bitcoin thrives in liquidity upcycles, offering a hedge against currency debasement and driving sustained market growth.
- Bitcoin’s Resilience: Engineered precision and apolitical nature underline Bitcoin’s strength as a censorship-resistant alternative amid global economic uncertainties.
Crypto Crisp: Up, Not Down
- In recent weeks, the crypto market has responded markedly negatively to geopolitical tensions before rebounding almost fully, as seen again this past weekend.
- We believe the tensions between Israel and Iran are calming down, and we anticipate the market will soon agree.
- As the market adjusts, we simultaneously expect an end to tax season effects, improving USD liquidity, while other technicalities such as the repo market will arguably likewise improve liquidity.
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