Bitcoin Proving to Be a Macro Hedge…
Mar 6, 2020
• 3
Min Read
Author
March 6
Fair Value: $13,000-$15,0000
If ever the view that “crypto is a macro hedge” is to be put to the test, then 2020 would seem to be that time. Thanks to the fear and loathing created by the outbreak of the coronavirus, the ripple effects of COVID-19, as it’s known, is far reaching.
We are seeing pure havoc in fixed income markets (the yield on the U.S. Treasury 10-yr note at historic low); turmoil in equities (U.S. stocks down 12% from highs) and, to top it off, panic buying of toilet paper and hand sanitizer. Bitcoin (BTC) was created after the 2008 Great Recession and ...