Dan Hillery
@hillery_dan
VP of Credit @UTXOmgmt || Digital Credit Research || Electrical Engineering @BrownUniversity || Youtube:
参加 November 2022
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Here we go.
Financial repression and the positive repricing of BTC.
Finally, Bitcoin has been on the move after holding the $60k support zone for almost a year. That’s how long a typical Bitcoin winter lasts, so I’m sensing that a new 4-year cycle bull market is underway. Note that the Z-score of BTC/gold has turned positive after being -100%. In the past that has generally been confirmation of a bottom.
What does all of the above suggest? We are in a new secular regime of a higher cost of capital, which suggests that governments will respond with that oldest trick in the book: financial repression.
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