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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Quick takeaways
- Copper prices historically correlate with Bitcoin's performance, suggesting that shifts in copper may mislead Bitcoin's trajectory amidst broader market factors.
- Institutional demand for Bitcoin is reshaping supply dynamics, as patient investors accumulate rather than react to short-term price movements and market volatility.
Deep dives
Bitcoin and Copper Correlation
Bitcoin's recent market behavior shows it trading above $87,000, coinciding with copper prices reaching near all-time highs. Historically, there is a positive correlation between copper and Bitcoin, suggesting that as copper prices rise, Bitcoin may follow suit. The discussion leads to the notion that while copper is currently high due to speculation around tariffs, its impact on Bitcoin's trajectory may be misleading. Factors determining Bitcoin's performance, including other cryptocurrencies and the overall market sentiment, could play a more significant role than just copper prices.
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