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The Looming Recession Narrative Is Growing

The Breakdown

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Bit Coin and Crypto - The Value Proposition Is More Commitment Than Fear

We've now short squeezed twice in the last nine days, despite a pretty horendos macro backdrop. The group left holding bit coin here is weighted more heavily towards idealistic bulls with longer time horizons. Tons of risk out there on some really nasty tail events have some likelihood of happening that is much higher than what the market is used to. But this technology and asset class are going to be tremendously important in the future, i'm certain of it. They already are.

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