Unchained

Bits + Bips: Why Hasn't This Macro Cycle Boosted the Crypto Markets? - Ep. 702

Sep 11, 2024
Noelle Acheson, author of the "Crypto Is Macro Now" newsletter and a crypto macroeconomics expert, joins the hosts to dissect the current state of the cryptocurrency market. They explore why Bitcoin is struggling despite broader macroeconomic trends and the unusual expectations surrounding rate cuts. Acheson highlights three major factors weighing on Bitcoin's price and discusses the puzzling divergence between Bitcoin and gold. The conversation also touches on fiscal dominance, the K-shaped economy, and the underwhelming performance of Ethereum ETFs.
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INSIGHT

Crypto Struggles Despite Macro Factors

  • Crypto markets struggle despite easing monetary policies and devaluing currencies.
  • The regulatory climate and correlation with equities weigh on Bitcoin's price.
INSIGHT

Three Factors Affecting Bitcoin's Price

  • Three factors weigh on Bitcoin: politics/regulation, equity correlation, and self-fulfilling expectations of a bad September.
  • Traders are waiting for more clarity before investing.
ADVICE

Tune Out Market Noise

  • Tune out market noise if you're not actively trading.
  • Noelle Acheson suggests taking breaks from constant market updates.
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