The Near-Term Setup for Crypto Appears Challenging, But Friday’s Developments Present a Compelling Bull Case for BTC (Core Strategy Rebalance)
Aug 1, 2025
• 4
Min Read
Author
Core Strategy
We will discuss changes made to our Core Strategy and Crypto Equities Portfolio at the end of today’s note.
Crypto Equities Portfolio
Wrapping Up a Consequential Week in Macro
We’re wrapping up what was a pivotal week in macro, and by extension, crypto.
At the FOMC meeting on Wednesday, Fed Chair Jay Powell struck a more hawkish tone than markets were expecting, which was immediately reflected in September rate cuts getting priced out, and a pullback in risk assets. However, he didn’t comple...