The Wolf Of All Streets Is Bitcoin Set To Explode? Crypto Volatility Is Going Up | Macro Monday
Mar 24, 2025
In this engaging discussion, cryptocurrency expert Dave Weisberger, macro analyst Mike McGlone, and financial commentator James Lavish dissect Bitcoin's surge past $87,000 and its connections to copper price dynamics. They tackle hidden recessions in the U.S. and the implications of Bitcoin ETFs, debating its future against traditional assets like gold. From economic policies and investor psychology to a contrarian view on Bitcoin's resilience, the trio covers a range of pressing topics, offering insights into the volatile crypto landscape.
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Copper and Bitcoin Correlation
- Bitcoin's price often loosely follows copper's price as a leading indicator of risk assets.
- However, copper's recent price increase may be due to fears of tariffs, making it less reliable as an indicator.
US vs. London Copper
- US copper is trading at a premium over London copper, largely due to tariff fears.
- This makes US copper prices less reliable as an economic indicator.
Crypto Market Indicators
- Dogecoin's market cap mirrors Bitcoin's price movements, suggesting a correlation.
- However, other indicators, like a rolling 200-day moving average of the Bloomberg Galaxy Crypto Index, suggest a potential downturn.