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Up 40% YTD, Bitcoin Is 2023’s Best-Performing Asset

The Breakdown

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Coin Desks Consensus 2023

Bitcoin and crypto are mean reverting to their proper place as a far out risk asset relative to the overall cycle. Some are viewing the debt ceiling debate in Congress as potentially creating a QE like event. Bloomberg's Joe Wiesenthal thinks that market attitudes might be shifting more broadly. The rise of this soft landing narrative is definitely notable for people who watch macro analysis all the time.

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